47120 Fredericksburg, IN is a small yet thriving town located in Dubois County. It is home to many local businesses such as The Hardware Store of Fredricksburg, Kremer’s Butcher Shop and Market, C&K Dry Goods, and J&R Meats. These stores are all part of the bustling local economy that provides job opportunities for its residents and drives growth in the area. The cost of living in 47120 Fredericksburg is quite affordable with a two bedroom rent at $890 per month compared to the US average of $1,430 and a Grocery Cost Index of 94 versus 100 in the US. This makes it an attractive place to live for those who wish to have more money for other expenses or savings.
Fredericksburg (zip 47120) has an unemployment rate of 4.5%. The US average is 6.0%.
Fredericksburg (zip 47120) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Fredericksburg (zip 47120)
- The Sales Tax Rate for Fredericksburg (zip 47120) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fredericksburg (zip 47120) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fredericksburg (zip 47120)
- The average income of a Fredericksburg (zip 47120) resident is $35,241 a year. The US average is $37,638 a year.
- The Median household income of a Fredericksburg (zip 47120) resident is $64,792 a year. The US average is $69,021 a year.