Cost of Living in Fargo, ND
Population: 129,064 • 2026 Data
$66,029
Median Household Income
-15% vs national
$916
Median Monthly Rent
-32% vs national
$269,800
Median Home Value
-20% vs national
3.8%
Unemployment Rate
Housing in Fargo
The median home value in Fargo, ND is $269,800. Monthly rent for a typical unit averages $916, while total monthly housing costs (including utilities and insurance) average $997.
Rent-to-income ratio: 16.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Fargo, ND is $66,029. The unemployment rate stands at 3.8%, with a labor force of 79,516 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.