Fredon, NJ is a small town with a population of 12,000 people. It is located just 30 minutes from the New Jersey shoreline and offers plenty of outdoor activities and excursions for all ages. Fredon is also home to several companies such as Clean Air Industries, Tri-County Tax & Accounting Services, and Harland Technologies LLC. In terms of cost of living, 2 Bedroom Rent in Fredon is $1,520 per month which is higher than the US average rent of $1,430 per month. The Grocery Cost Index in Fredon is 103 compared to 100 in the US so groceries are slightly more expensive here than in other places. Overall, Fredon has an Average Cost of Living Index rating around 97 which makes it an affordable place to live.
Fredon has an unemployment rate of 7.7%. The US average is 6.0%.
Fredon has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Fredon
- The Sales Tax Rate for Fredon is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Fredon is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fredon
- The average income of a Fredon resident is $42,289 a year. The US average is $28,555 a year.
- The Median household income of a Fredon resident is $152,667 a year. The US average is $69,021 a year.