The Fargo, ND Metro Area is a great place to live. The two bedroom rent here is well below the US average, making it an affordable option for renters. Additionally, grocery costs in the area are cheaper than the national average; the cost index for Fargo is 98 versus 100 in the US. Living in this region also offers access to several major employers such as Microsoft, Bobcat Company, Sanford Health and Minnkota Power Cooperative. All these make Fargo an ideal place to live and work.
Fargo Metro Area has an unemployment rate of 3.8%. The US average is 6.0%.
Fargo Metro Area has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Fargo Metro Area
- The Sales Tax Rate for Fargo Metro Area is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fargo Metro Area is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fargo Metro Area
- The average income of a Fargo Metro Area resident is $29,754 a year. The US average is $28,555 a year.
- The Median household income of a Fargo Metro Area resident is $68,560 a year. The US average is $69,021 a year.