Living in Fargo, North Dakota
Cost of living, income, home prices, rent and demographics of Fargo · Census data 2020–2024
Fargo has 131,627 residents with a median age of 31.8. The median household income is $66,998 (13% lower than the North Dakota median), the median home value is $281,900, the median rent is $946/month.
Fargo at a glance
- Population
- 131,627
- Median age
- 31.8State: 35.9
- Median household income
- $66,998State: $76,657
- Median home value
- $281,900State: $249,900
- Median rent
- $946/moState: $954
- Homeowners
- 43.7%
- Bachelor's degree or higher
- 42.9%
- Average commute
- 16 min
Is Fargo a good place to live?
Pros: An average commute of 16 minutes.
Cons: Median household income 13% lower than the North Dakota median; home values 13% higher than the state median; unemployment of 3.8%; a poverty rate of 12.9%.
The weather is best in June to September.
Cost of living in Fargo
Housing is the biggest part of the cost of living. In Fargo the median home value is $281,900, 15% lower than the U.S. median. Renters pay a median of $946 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,767 a month in housing costs.
Fargo median household income
The median household income in Fargo is $66,998 and the income per person is $42,734. 12.9% of residents live below the poverty line (North Dakota: 10.8%).
Housing in Fargo: homes for sale and rent
- Housing units
- 63,807
- Owner-occupied
- 43.7%
- Renter-occupied
- 56.3%
- Vacant
- 6%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.09
Fargo demographics
- Population
- 131,627
- Median age
- 31.8
- Under 18
- 20%
- 65 and older
- 13.3%
- Households
- 59,970
- Foreign-born
- 9.5%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Fargo ›
Education in Fargo
42.9% of adults 25 and older in Fargo have a bachelor's degree or higher (North Dakota: 32.7%), and 14.4% have a graduate or professional degree.
Jobs and commute in Fargo
- Unemployment rate
- 3.8%State: 2.8%
- Average commute
- 16 minState: 18 min
- Work from home
- 9.8%
- Drive alone
- 76.7%
- Public transit
- 0.6%
- Walk to work
- 3.7%
- Homes with broadband
- 88.3%
Fargo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fargo | 131,627 | $66,998 | $281,900 | $946 |
| West Fargo | 40,094 | $90,665 | $321,900 | $1,111 |
| Moorhead | 45,036 | $72,761 | $249,000 | $1,033 |
| Frontier | 169 | $122,500 | $385,300 | — |
| Reile's Acres | 1,032 | $192,500 | $475,600 | — |
| Dilworth | 4,713 | $90,694 | $261,800 | $1,085 |
| Harwood | 819 | $145,139 | $321,100 | — |
| Horace | 4,588 | $138,578 | $414,500 | $2,146 |
| Sabin | 718 | $128,500 | $265,700 | — |
More for people moving to Fargo
Fargo ZIP code ›Weather and climate ›Living in Fargo: FAQ
What is the median household income in Fargo, ND?
The median household income in Fargo is $66,998, 13% lower than the North Dakota median of $76,657 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fargo?
The median home value in Fargo is $281,900, compared with $249,900 in North Dakota.
How much is rent in Fargo?
The median gross rent in Fargo is $946 per month, about 26.3% of household income.
Is Fargo, ND a good place to live?
Pluses: an average commute of 16 minutes. Minuses: median household income 13% lower than the North Dakota median; home values 13% higher than the state median; unemployment of 3.8%; a poverty rate of 12.9%.
What is the median age in Fargo?
The median age in Fargo is 31.8 years (North Dakota: 35.9).
How long is the commute in Fargo?
The average commute to work in Fargo is 16 minutes; 9.8% of workers work from home.
What is the unemployment rate in Fargo?
The unemployment rate in Fargo is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fargo?
42.9% of adults in Fargo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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