Cost of Living in Fargo, ND
Fargo has a cost of living index of 92 (100 = national average), making it more affordable than the national average. The median household income is $52,821 and the median home price is $270,000.
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Fargo at a Glance
Population
131,649
Cost of Living Index
92
Median Income
$52,821
Median Home Price
$270,000
Property Tax Rate
0.98%
Sales Tax Rate
7.75%
Rent Index
80
State
North Dakota
Living in Fargo
Fargo offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $270,000 is well within reach for many families.
The combined sales tax rate in Fargo is 7.75%, and the effective property tax rate is 0.98%. Property taxes are close to the national average.