Frederic, WI is a small town located in Northwest Wisconsin that is known for its diverse landscape and recreational activities. It has a population of approximately 1,000 people and is situated approximately 11 miles from the Minnesota border. The two bedroom rent in Frederic, WI is significantly lower than the US average at $1,430 as it stands at only $940 per month. Additionally, the Grocery Cost Index in Frederic, WI is 95 versus 100 in the US which makes it relatively cheaper to live there than most parts of the US. Companies based in Frederic include Kay's Supervalu grocery store, Shorty's Bar & Grill, L & J Automotive Repair, M & S Collision Repair and Northern Hills Lutheran Church. All these businesses serve local residents and visitors alike by providing quality services at affordable prices. Overall, Frederic is a great place to live with a low cost of living index compared to other parts of the US.
Frederic has an unemployment rate of 6.1%. The US average is 6.0%.
Frederic has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Frederic
- The Sales Tax Rate for Frederic is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Frederic is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frederic
- The average income of a Frederic resident is $22,507 a year. The US average is $28,555 a year.
- The Median household income of a Frederic resident is $49,583 a year. The US average is $69,021 a year.