Fargo, AR is a charming small town located in Arkansas with a population of about 500 people. The cost of living in Fargo is very affordable compared to the US average, with rent for a two-bedroom apartment costing approximately $660 per month and groceries being 91% of the US Grocery Cost Index. Many local businesses can be found in Fargo, such as Hope & Harmony Farm Market, Wags Pet Supply, and Big Sky Brewing Co. All these businesses provide great products and services at very competitive prices, making life in Fargo even more affordable. Overall, with its low cost of living and high quality of life, Fargo is an excellent place to live!
Fargo has an unemployment rate of 6.1%. The US average is 6.0%.
Fargo has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 10.6%, which is lower than the US average of 33.5%.
Tax Rates for Fargo
- The Sales Tax Rate for Fargo is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Fargo is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fargo
- The average income of a Fargo resident is $26,081 a year. The US average is $28,555 a year.
- The Median household income of a Fargo resident is $35,625 a year. The US average is $69,021 a year.