Cost of Living in Frederika, IA

With a cost of living index of 79, Frederika, IA is a very affordable place to live. Living here is 21% cheaper than the national average and 8% above the Iowa state average of 71. Frederika is a small community of 207 residents.

The median household income in Frederika is $48,750, which is 35% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Waterloo-Cedar Falls, IA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.