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Economy in Fargo, North Dakota

Overview, People, Health, Economy, Housing, Rankings, Climate, Crime
Education, Comments, Transportation, Cost of Living, Religion, Voting

EconomyFargo, NDUnited States
Unemployment Rate2.40%6.30%
Recent Job Growth1.50%1.18%
Future Job Growth40.60%36.10%
Sales Taxes7.50%6.00%
Income Taxes1.22%4.72%
Income per Cap.$29,187$28,051
Household Income$44,304$53,046
Family Median Income$69,401$64,585
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K14.28%12.61%
Income between 15K and 20K5.06%5.33%
Income between 20K and 30K12.21%10.57%
Income between 30K and 40K13.27%9.90%
Income between 40K and 50K9.96%8.95%
Income between 50K and 60K8.35%8.08%
Income between 60K and 75K9.48%10.09%
Income between 75K and 100K10.60%12.25%
Income between 100K and 150K9.80%12.82%
Income between 150K and 200K3.23%4.78%
Income greater than 200K3.77%4.64%
POPULATION BY OCCUPATION
Management, business, finance13.89%14.36%
Engineering, computers, science6.61%5.24%
Community, social services2.43%1.66%
Legal0.59%1.17%
Education, library5.93%6.10%
Arts, design, media, sports, entertainment1.47%1.88%
Healthcare practitioners and technology7.15%5.49%
Healthcare support2.35%2.47%
Firefighters, law enforcement0.94%2.24%
Food preparation, serving6.67%5.61%
Building maintenance2.72%3.97%
Personal care3.62%3.54%
Sales, office, administrative support26.12%24.89%
Farming, fishing, forestry0.56%0.73%
Construction, extraction, maintenance/repair7.63%8.56%
Production, transportation, material moving11.33%12.10%

The unemployment rate in Fargo, ND, is 2.40%, with job growth of 1.50%. Future job growth over the next ten years is predicted to be 40.60%.

Fargo, ND Taxes

Fargo, ND,sales tax rate is 7.50%. Income tax is 1.22%.

Fargo, ND Income and Salaries

The income per capita is $29,187, which includes all adults and children. The median household income is $44,304.


Fargo Economy SperlingViews

Fargo isn't so bad: I've lived in and around Fargo for about 15 years now. It is cheap and the economy is good right now even in the midst of the crisis. If you can get over the fact that... (read more)re: Economy - 3/11/2008: OK... what about when one comes from Miami, FL and wishes to reside there from May - November? What does one do? Is there anything to do? I don't work for less than... (read more)Economy: Fargo is a college town so the base wages are lower. Seven dollars to nine dollars per hour is an average starting wage. Jobs are plentiful. Fargo is becoming a "high... (read more)Have an opinion about Fargo? Leave a commentTo See All SperlingViews for Fargo Click Here