Fredonia, ND is a small town with a population of just over 500 people and an area of 1.30 square miles. The town is known for its peaceful atmosphere and rural lifestyle. It also has plenty of local businesses to help residents with their daily needs. Grocery stores like Fredonia Market, S & K SuperValu, and Gazzola's IGA make it easy to purchase fresh food at reasonable prices. In terms of rent costs for two bedrooms, Fredonia is much more affordable than the US average at only $750 per month compared to $1,430 nationally. Additionally, the Grocery Cost Index for Fredonia is 91 versus 100 in the US, making further savings possible in the local grocery stores. Thus, Fredonia offers residents an affordable cost of living while still having plenty of services available to them.
Fredonia (zip 58440) has an unemployment rate of 3.8%. The US average is 6.0%.
Fredonia (zip 58440) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Fredonia (zip 58440)
- The Sales Tax Rate for Fredonia (zip 58440) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Fredonia (zip 58440) is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fredonia (zip 58440)
- The average income of a Fredonia (zip 58440) resident is $24,293 a year. The US average is $37,638 a year.
- The Median household income of a Fredonia (zip 58440) resident is $45,250 a year. The US average is $69,021 a year.