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Economy, jobs and prices in Fargo, North Dakota: official figures

The median household income in Fargo was $66,998 a year in the 2020-2024 American Community Survey (in 2024 dollars), 246th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the North Dakota median $76,657.

Median household income
$66,998
2020-2024
Unemployment rate (ACS)
3.8%
2020-2024
Mean travel time to work
15.5 min
2020-2024
Median gross rent (monthly)
$946
2020-2024
Median home value (owner-occupied)
$281,900
2020-2024
Homes occupied by their owners
43.7%
2020-2024
Households with a broadband subscription
88.3%
2020-2024

What is the per capita income in Fargo?

Income per resident (per capita income) in Fargo averaged $42,734 a year in 2020-2024, 352nd highest of 823 US cities of 50,000 or more (US: $44,673; North Dakota: $43,389).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Fargo?

Fargo's Gini index of household income inequality was 0.464 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 279th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Fargo, North Dakota?

3.8% of the civilian labor force in Fargo was unemployed on average over 2020-2024 (3,026 people), 141st lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and North Dakota's 2.8%.

Source: U.S. Census Bureau · saved copy

What share of people in Fargo are working?

74.7% of Fargo's 107,655 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 20th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Fargo have jobs?

76,778 residents of Fargo held civilian jobs, 71.3% of those aged 16 and over (US: 59.7%), and 567 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Fargo?

The largest industry group for working residents of Fargo was education, health care and social assistance (27.8% of employed residents), followed by retail trade (11.7%) and professional, scientific, management and administrative services (11.0%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Fargo work in manufacturing?

Manufacturing employed 9.2% of working residents of Fargo, 395th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 11.0% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Fargo, North Dakota?

Commuters in Fargo took 15.5 minutes on average to get to work in 2020-2024, 9th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 2.7% travelled an hour or more and 52.4% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Fargo get to work?

9.8% of workers living in Fargo worked from home in 2020-2024, 205th lowest of 823 US cities of 50,000 or more (US: 15.1%). 76.7% drove to work alone, 6.9% carpooled, 0.6% used public transport and 3.7% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Fargo, North Dakota?

The median gross rent (rent plus utilities) in Fargo was $946 a month in 2020-2024, 29th lowest of 823 US cities of 50,000 or more (US: $1,413; North Dakota: $954).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Fargo?

Owner-occupied homes in Fargo had a median value of $281,900 in 2020-2024 as estimated by their owners, 244th lowest of 823 US cities of 50,000 or more (US: $332,700; North Dakota: $249,900).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Fargo?

The median home value in Fargo was 4.2 times the median household income, 340th lowest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Fargo, North Dakota own their home?

43.7% of the 59,970 occupied homes in Fargo were lived in by their owners in 2020-2024 and 33,770 were rented, 104th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; North Dakota: 62.9%).

Source: U.S. Census Bureau · saved copy

What share of homes in Fargo have broadband?

88.3% of households in Fargo had a broadband internet subscription of some type in 2020-2024, 119th lowest of 823 US cities of 50,000 or more (US: 91.0%; North Dakota: 88.7%).

Source: U.S. Census Bureau · saved copy

How many households in Fargo have no internet?

4.3% of households in Fargo (2,589) had no internet access at home in 2020-2024, 355th lowest of 823 US cities of 50,000 or more (US: 6.5%); 10.9% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Fargo compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Fargo ranks 578 of 823, highest first.

RankCityMedian household income (2024 dollars)
575Hollywood$67,203
576Pompano Beach$67,195
577Delano$67,010
578Fargo$66,998
579Melbourne$66,991
580Chico$66,977
581Warner Robins$66,970
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Fargo ranks 352 of 823, highest first.

RankCityPer capita income (2024 dollars)
349St. Clair Shores$42,941
350Commerce City$42,906
351St. Paul$42,815
352Fargo$42,734
353Bartlett$42,734
354Springfield$42,670
355Kent$42,664
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Fargo ranks 279 of 823, highest first.

RankCityGini index of household income inequality
276Casper0.465
277Alpharetta0.464
278San Antonio0.464
279Fargo0.464
280Pueblo0.464
281Tyler0.463
282Bossier City0.463
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Fargo ranks 683 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
680Apex3.8%
681Murray3.8%
682Dublin3.8%
683Fargo3.8%
684Broomfield3.8%
685Missoula3.8%
686Roswell3.8%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Fargo ranks 20 of 823, highest first.

RankCityLabor force participation rate (16 and over)
17Lehi75.6%
18West Jordan75.5%
19Austin75.2%
20Fargo74.7%
21Castle Rock74.6%
22Lakeville74.5%
23Denver74.4%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Fargo ranks 815 of 823, highest first.

RankCityMean travel time to work (minutes)
812Ames15.6
813Abilene15.6
814Bozeman15.5
815Fargo15.5
816Stillwater15.4
817Logan15.2
818Jacksonville15.0
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Fargo ranks 619 of 823, highest first.

RankCityWorkers who worked from home
616Lafayette9.9%
617Conway9.9%
618Kalamazoo9.8%
619Fargo9.8%
620Carson City9.8%
621Lancaster9.8%
622Springfield9.8%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Fargo ranks 568 of 823, highest first.

RankCityWorkers commuting by public transportation
565Lincoln0.6%
566Bloomington0.6%
567Fountain Valley0.6%
568Fargo0.6%
569Greenville0.6%
570St. Clair Shores0.6%
571Parker0.6%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Fargo ranks 395 of 823, highest first.

RankCityEmployed residents working in manufacturing
392North Charleston9.2%
393Fairfield9.2%
394Murrieta9.2%
395Fargo9.2%
396Muncie9.2%
397Scranton9.2%
398Burleson9.1%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Fargo ranks 125 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
122Denton27.9%
123Schenectady27.9%
124Weymouth Town27.9%
125Fargo27.8%
126Meriden27.7%
127Pasadena27.7%
128Troy27.7%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Fargo ranks 795 of 823, highest first.

RankCityMedian gross rent per month
792Pocatello$948
793Grand Island$947
794Stillwater$947
795Fargo$946
796Cleveland$945
797Kokomo$939
798Oshkosh$935
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Fargo ranks 580 of 823, highest first.

RankCityMedian value of owner-occupied homes
577Columbia$284,600
578Chattanooga$283,200
579Palm Bay$283,200
580Fargo$281,900
581Oak Lawn$281,200
582Livonia$281,100
583Pinellas Park$278,900
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Fargo ranks 481 of 820, highest first.

RankCityMedian home value as a multiple of median household income
478Lexington4.2x
479Buckeye4.2x
480Round Rock4.2x
481Fargo4.2x
482Jacksonville4.2x
483Oak Park4.2x
484Cranston4.2x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Fargo ranks 720 of 823, highest first.

RankCityOccupied homes lived in by their owners
717Champaign43.8%
718Sunnyvale43.8%
719Seattle43.7%
720Fargo43.7%
721Lawrence43.6%
722North Miami43.5%
723Richmond43.5%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Fargo ranks 705 of 823, highest first.

RankCityHouseholds with a broadband subscription
702Middletown88.3%
703Chicopee88.3%
704Decatur88.3%
705Fargo88.3%
706Port Arthur88.3%
707Pharr88.3%
708Milwaukee88.2%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Fargo ranks 469 of 823, highest first.

RankCityHouseholds with no internet access
466Citrus Heights4.3%
467San Francisco4.3%
468Federal Way4.3%
469Fargo4.3%
470Des Plaines4.3%
471West Sacramento4.3%
472Sacramento4.3%
Source: U.S. Census Bureau · saved copy

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Sources

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