Fredenberg, MN is an affordable place to live, with a two bedroom rent at $1,450 compared to the US average of $1,430. The Grocery Cost Index in Fredenberg is also lower than in the US; it is 99 compared to 100 in the US. Therefore, it can be concluded that overall cost of living in Fredenberg is quite competitive.
Residents of Fredenberg have access to a range of local businesses such as Jim's Discount Grocery Store, Joe's Hometown Hardware, and Dan's Pet Supply. Additionally regional companies such as Old Towne Bank and Johnson Automotive are just a short drive away. With its low costs and convenient location, Fredenberg is an ideal home for many.
Fredenberg has an unemployment rate of 4.8%. The US average is 6.0%.
Fredenberg has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Fredenberg
- The Sales Tax Rate for Fredenberg is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Fredenberg is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fredenberg
- The average income of a Fredenberg resident is $37,138 a year. The US average is $28,555 a year.
- The Median household income of a Fredenberg resident is $109,293 a year. The US average is $69,021 a year.