Cost of Living in Fargo, ND
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.9
100 = national avg
+7.9 vs national average
Living Wage (1 Adult)
$47,463
per year
Living Wage (Family of 4)
$112,185
per year
Cost Index by Category
Housing120.1
Food100.5
Transportation100.9
Healthcare100.4
Utilities104.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$917
per month
2 Bedroom
$1,112
per month
The overall cost of living index in Fargo is 107.9, which is 7.9% above the national average. Housing costs are above the national average at an index of 120.1. A single adult needs to earn approximately $47,463 per year to cover basic expenses.