Fargo cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFargoNorth DakotaNational
Cost of living index9797100
IndexFargoNorth DakotaNational
Goods & Services index100102100
Groceries index108105100
Health care index115113100
Housing index9185100
Transportation index99107100
Utilities index8785100
Here we can see a simple outline of the cost of living in Fargo, ND. As you can see, with the average cost of living in Fargo, ND being 97, that puts it 1% higher than the average of North Dakota and 3% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Fargo, ND, the price of goods and services are 2% lower than the average of North Dakota as well as equal to the nation's average.

Did you know?

  • The cost of living in Fargo is 1% higher than the North Dakota average.
  • The cost of living in Fargo is 3% lower than the national average.
  • The cost of housing in Fargo is 9% lower than the national average.
  • North Dakota general sales tax is 2% lower than the national average.
  • North Dakota state income tax is 51% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Fargo, ND to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Fargo, ND, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fargo, ND salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Fargo, ND, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Fargo, ND homeowners have a median income of $79,223. Using that number, you will come up with a maximum of $1,848 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $32,966, which means there is a maximum of $769 to be spent on the costs of renting a home or apartment.

North Dakota Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Dakota5%8%

North Dakota Income Tax

StateIncome Tax (Low)Income Tax (High)
North Dakota1.1%2.9%
For those who live in Fargo, ND and want to know what the true cost of living is, they ought to look at both the North Dakota income tax rate and the North Dakota sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In North Dakota, the sales tax is 5%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in North Dakota, the income tax rate ranges between 1.1% to 2.9%.

Goods & Services

ItemFargoNational avg.Difference
Haircut $18.03$16.0912.1%
Beauty Salon $34.13$37.338.6%
Toothpaste $2.36$2.453.6%
Shampoo $1.26$1.0025.6%
Movie $11.00$10.287.0%
Bowling $4.03$4.9318.3%


ItemFargoNational avg.Difference
Ground Beef $3.40$3.8010.5%
Fried Chicken $1.84$1.4032.0%
Milk $2.96$2.0147.6%
Potatoes $2.73$3.019.2%
Pizza $8.77$9.8911.3%
Beer $9.04$8.901.6%

Health Care

ItemFargoNational avg.Difference
Optometrist $93.17$102.168.8%
Doctor $157.22$108.3645.1%
Dentist $95.33$92.533.0%
Ibuprofen $10.28$9.2810.8%
Lipitor $428.78$425.820.7%


ItemFargoNational avg.Difference
Home Price $178,300.00$184,700.003.5%
Avg. Mortgage Payment $1,232.19$1,202.442.5%
Apartment Rent $727.00$949.0023.4%


ItemFargoNational avg.Difference
Gasoline $2.11$2.245.9%
Tire Balancing $50.47$46.299.0%


ItemFargoNational avg.Difference
All Electricity$142.52$165.9614.1%
Phone $25.30$28.6811.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Brooktree Park, ND891000%
Georgetown, MN7480-20%
Felton, MN16182-18%
Baker, MN6783-17%
Davenport, ND25690-10%
Fargo, ND115,95097-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Peoria, IL115,99093-7%
Provo, UT115,71899-1%
El Monte, CA115,66513131%
Springfield, IL116,74591-9%
Lansing, MI114,77384-16%
Fargo, ND115,95097-3%
Source: The Fargo, ND cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.