Fredericktown, MO is a small city with a population of about 3,400 people. It has an array of local businesses such as Thompson's General Store, McCarthy Furniture Co., and Annabelle Boutique. The cost of living in Fredericktown is quite low in comparison to the US as a whole, with rent for two bedroom apartments averaging at $820 and a grocery cost index of 94 versus 100. This makes it an ideal location for those who are looking for an affordable place to live with access to all the necessary amenities. Additionally, its location provides easy access to nearby towns such as Farmington and Park Hills, allowing residents to enjoy both the benefits of rural life and the convenience of bigger cities nearby.
Fredericktown has an unemployment rate of 4.5%. The US average is 6.0%.
Fredericktown has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Fredericktown
- The Sales Tax Rate for Fredericktown is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Fredericktown is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fredericktown
- The average income of a Fredericktown resident is $15,119 a year. The US average is $28,555 a year.
- The Median household income of a Fredericktown resident is $45,717 a year. The US average is $69,021 a year.