Fredericksburg is a city in Virginia state in USA with a population of 29059 residents.. The poverty rate of Fredericksburg is 13.9%, which is 1% lower than national average. The typical household in Fredericksburg earns $69528 a year, compared to the national median of $67,500. Nearly 34% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Fredericksburg, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Fredericksburg remained 5.8%, which is 23% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Fredericksburg, only 42% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Fredericksburg is 124, which is 24% higher than national average. Median home value in Fredericksburg is $376700 , which is 64% higher than national average. While median income in Fredericksburg remained $69528, which is 3% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.