Cost of Living in Fargo, ND
2024 data from the Bureau of Economic Analysis
Cost Index
90.9
9.1% below avg
Housing Index
81.1
Median Income
$73,641
Median Rent
$919/mo
Cost Breakdown
Overall90.9 (-9.1%)
Housing81.1 (-18.9%)
Goods95.7 (-4.3%)
Utilities77.3 (-22.7%)
Other Services91.3 (-8.7%)
National average = 100
Income & Housing
Median Household Income
$73,641/year
Median Home Value
$261,000
Median Monthly Rent
$919/mo
Per Capita Income
$41,687/year
Compare Fargo, ND With
Frequently Asked Questions
Is Fargo, ND expensive to live in?
Fargo, ND has a cost of living index of 90.9, which is 9.1% below the national average.
How much does housing cost in Fargo, ND?
Housing costs in Fargo, ND are indexed at 81.1 compared to the national average of 100. The median monthly rent is $919.
What is the average income in Fargo, ND?
The median household income in Fargo, ND is $73,641 per year.
What is the average home price in Fargo, ND?
The median home value in Fargo, ND is $261,000.