Housing costs in Fargo?
A typical home costs
$347,200, which is 2.7% more expensive than the national average of
$338,100 and 44.2% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Fargo costs
$1,110 per month, which is 20.7% more than the national average of
$920 and 18.0% more than the state average of
$910.
Can I afford Fargo?
To live comfortably in Fargo (zip 58104), North Dakota, a minimum annual income of
$66,600 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Fargo?
The cost of living in Fargo, ND 58104 is relatively low compared to other parts of the country. The median home value is around $179,800 and the median rent is around $801 per month. The median household income is around $55,212 which is slightly higher than the national average. The overall cost of living index for Fargo stands at 89.7, meaning it's cheaper than the United States average of 100. Food costs are also lower in this area with a grocery index score of 91 and low-cost housing options make it easier to stretch your budget further. In addition, taxes are relatively lower than other states making Fargo an affordable place to live.