Fargo, ND Economy


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Fargo, ND is a great city for those looking for an affordable place to live. The average 2 bedroom rent in Fargo is $950 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Fargo is also relatively low compared to other cities making food relatively affordable. People living in Fargo can enjoy working at large companies like Microsoft, Amazon, and Sanford Health that have offices in the city. Further, Fargo offers plenty of entertainment options for residents ranging from its vibrant music scene to its exciting sports teams such as the Fargo-Moorhead Redhawks. An interesting fun fact about Fargo is that it has been featured in popular films such as “Fargo” (1996) and “A Serious Man” (2009).

Fargo has an unemployment rate of 3.6%. The US average is 6.0%.

Fargo has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.

Tax Rates for Fargo
- The Sales Tax Rate for Fargo is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Fargo 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
- The average income of a Fargo resident is $37,522 a year. The US average is $37,638 a year.
- The Median household income of a Fargo resident is $60,243 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFargo, North DakotaUnited States
  3.66
  -1.5%-6.2%
  38.7%33.5%
  7.5%6.2%
  2.0%4.6%
  $37,522$37,638
  $60,243$69,021
  $87,615$85,028
  Population by Occupation
  1.2%1.2%
  0.2%0.5%
  6.4%6.8%
  9.1%10.0%
  3.3%2.5%
  11.3%11.0%
  3.1%4.8%
  0.4%0.8%
  0.9%1.9%
  6.0%4.7%
  1.3%1.9%
  6.4%7.6%
  0.1%0.1%
  3.1%4.2%
  9.1%9.3%
  20.7%14.0%
  2.3%2.1%
  8.2%7.0%
  3.6%4.8%
  3.2%4.7%
Reviews for Fargo
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Over 3 years ago

Grew up in Fargo/Northern MN area and was there 29 years. It’s cheap to live, tons of things to do in the summer. But 3-6 months of the year you more than likely will  More

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Tyrel · 

Grew up in south Minneapolis and headed 3 hours west to Fargo. Why did I want to leave the Twin Cities area? Found a great job. Nicer apartment for less money. Nice  More

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Not your typical North Dakota town. Fargo is on the Minnesota border and Cass County makes up 1/4 of the entire states population. It is the urban center and much more  More

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