Fremont, MN is a small city located in the north-central part of Minnesota. It is home to a number of businesses that have come to serve the local community, such as Farm Star Equipment, Diversified Machine Inc., and Gopher State Exteriors. The cost of living in Fremont is quite low, with an average two bedroom rental rate of $960 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index for Fremont is 98 versus the 100 in much of the rest of the country. This makes Fremont an attractive place for people who want an affordable lifestyle while still living in a rural area with plenty of natural beauty.
Fremont has an unemployment rate of 3.7%. The US average is 6.0%.
Fremont has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Fremont
- The Sales Tax Rate for Fremont is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fremont 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 Fremont
- The average income of a Fremont resident is $25,666 a year. The US average is $28,555 a year.
- The Median household income of a Fremont resident is $76,250 a year. The US average is $69,021 a year.