Zip 58103 (Fargo, ND) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Fargo, North Dakota (58103) is a vibrant city with plenty of things to do and explore. The average two bedroom rental in Fargo is $890 per month which is much lower than the US Average of $1,430. Groceries in Fargo are also cheaper with the Grocery Cost Index in Fargo being 98 versus 100 in the US. Some great local companies to check out if you are visiting or living in Fargo include West Acres Shopping Center for shopping and dining options, Red River Zoo for recreation and nature viewing, and Mezzaluna for some delicious Italian food.

Fargo (zip 58103) has an unemployment rate of 3.6%. The US average is 6.0%.

Fargo (zip 58103) 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 38.7%, which is higher than the US average of 33.5%.

Tax Rates for Fargo (zip 58103)
- The Sales Tax Rate for Fargo (zip 58103) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Fargo (zip 58103) 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 (zip 58103)
- The average income of a Fargo (zip 58103) resident is $28,194 a year. The US average is $28,555 a year.
- The Median household income of a Fargo (zip 58103) resident is $53,717 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%
  $32,737$37,638
  $53,717$69,021
  $71,601$85,028
  Population by Occupation
  1.4%1.2%
  0.1%0.5%
  6.4%6.8%
  10.2%10.0%
  3.4%2.5%
  10.6%11.0%
  3.5%4.8%
  0.4%0.8%
  1.4%1.9%
  6.0%4.7%
  1.8%1.9%
  6.5%7.6%
  0.3%0.1%
  5.0%4.2%
  6.6%9.3%
  18.7%14.0%
  2.8%2.1%
  8.7%7.0%
  3.6%4.8%
  2.5%4.7%
Health