Fredonia is a somewhat small village located in the state of New York. With a population of 9,455 people and four associated neighborhoods, Fredonia is the 193rd largest community in New York. Fredonia has an unusually large stock of pre-World War II architecture, making it one of the older and more historic villages.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.33% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Fredonia is a small town where college students really create the town feel and character. So many small towns have lost population over the last 20-30 years that having the local college presence in the Fredonia area, with all of the energy of the students filling area dorms and apartments each fall, really helps Fredonia maintain a good economy.

Residents of the village have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 18.25 minutes getting to work every day.

The education level of Fredonia ranks among the highest in the nation. Of the 25-and-older adult population in Fredonia, 43.77% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Fredonia in 2022 was $30,886, which is lower middle income relative to New York and the nation. This equates to an annual income of $123,544 for a family of four. However, Fredonia contains both very wealthy and poor people as well.

Fredonia is a somewhat ethnically-diverse village. The people who call Fredonia home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fredonia residents report their race to be White, followed by Black or African-American. Important ancestries of people in Fredonia include German, Italian, Polish, English, and Irish.

The most common language spoken in Fredonia is English. Other important languages spoken here include Polish and Spanish.