Cost of Living in Fremont, IA

With a cost of living index of 61, Fremont, IA is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 10% below the Iowa state average of 71. Fremont is a small community of 937 residents.

Housing costs are the biggest factor in Fremont's cost of living. The median monthly rent is $711 (46% below the US median of $1,319), and the median home value sits at $89,500 (71% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in Fremont is $73,239, which is 3% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.