Fargo, OK is a small city located in Oklahoma. It has a population of around 4,000 people and offers its residents access to many local businesses. The cost of living in Fargo is quite low compared to the US average; two bedroom rent is $960 while the nationwide average sits at $1,430. Grocery prices are also lower as the Cost Index stands at 92 versus 100 in the US. Residents of Fargo can take advantage of local businesses such as J & J Pickers Mini Mall for antiques and curiosities, and there is also a popular venue called Grit & Grace that hosts live music performances throughout the year. In addition to these businesses, Fargo also boasts a number of banks, eateries, and other establishments that cater to the needs of its citizens.
Fargo has an unemployment rate of 3.4%. The US average is 6.0%.
Fargo has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 12.1%, 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 5.0%. 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 $20,343 a year. The US average is $37,638 a year.
- The Median household income of a Fargo resident is $45,625 a year. The US average is $69,021 a year.