Zip 16124 (Fredonia, PA) Economy


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16124 Fredonia, PA is a small community located in Fayette County. It is just over five hours away from the city of Pittsburgh and offers a more rural lifestyle for those looking to escape the hustle and bustle of life in the city. Residents enjoy living close to nature with a variety of outdoor activities to choose from such as hiking, biking, fishing, camping, and more. The 2 bedroom rent in 16124 Fredonia is $850 which is significantly lower than the U.S average of $1,430 making it an affordable place to call home. Additionally, the Grocery Cost Index in this area is 98 compared to 100 in the United States making it even more economical for residents.
The local economy consists primarily of small businesses such as auto repair shops, restaurants, gas stations, convenience stores and grocery stores. Popular attractions near 16124 Fredonia include Ohiopyle State Park where visitors can go whitewater rafting or explore surrounding mountain trails; Fallingwater which was designed by architect Frank Lloyd Wright; Meadowcroft Rockshelter & Historic Village which depicts 19th century life; and numerous wineries located throughout Fayette County which offer tours and tastings.

Fredonia (zip 16124) has an unemployment rate of 8.4%. The US average is 6.0%.

Fredonia (zip 16124) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.

Tax Rates for Fredonia (zip 16124)
- The Sales Tax Rate for Fredonia (zip 16124) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fredonia (zip 16124) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Fredonia (zip 16124)
- The average income of a Fredonia (zip 16124) resident is $21,536 a year. The US average is $28,555 a year.
- The Median household income of a Fredonia (zip 16124) resident is $49,423 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFredonia, PennsylvaniaUnited States
  8.46
  -6.9%-6.2%
  12.6%33.5%
  6.0%6.2%
  4.1%4.6%
  $28,295$37,638
  $49,423$69,021
  $69,464$85,028
  Population by Occupation
  2.5%1.2%
  0.0%0.5%
  9.0%6.8%
  30.1%10.0%
  3.5%2.5%
  7.3%11.0%
  5.7%4.8%
  1.7%0.8%
  0.6%1.9%
  0.6%4.7%
  0.3%1.9%
  1.3%7.6%
  0.0%0.1%
  2.0%4.2%
  1.8%9.3%
  18.8%14.0%
  0.0%2.1%
  3.5%7.0%
  7.7%4.8%
  3.8%4.7%
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