Housing costs in Fargo?
A typical home costs
$317,300, which is 6.2% less expensive than the national average of
$338,100 and 31.8% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Fargo costs
$820 per month, which is 10.9% cheaper than the national average of
$920 and 11.0% cheaper than the state average of
$910.
Can I afford Fargo?
To live comfortably in Fargo (zip 58105), North Dakota, a minimum annual income of
$60,840 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Fargo?
The cost of living in Fargo, ND 58105 is relatively affordable compared to other US cities. The overall cost of living index in Fargo is 79.3, which is well below the national average score of 100. Housing costs are very reasonable with an average home price of $202,400 and a median rent price of $988 per month for a one-bedroom apartment. Grocery prices are slightly higher than the national average due to the distance from major distribution centers but overall still remain affordable. In addition, transportation costs are low as gas prices are usually lower than the national average. All in all, Fargo is an excellent place to live with a reasonable cost of living that allows residents to enjoy their lives without the financial burden associated with other larger cities.