Cost of Living in Fargo, ND
| Cost of Living in Fargo, ND | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 1% higher | 16% lower |
| Utilities (Monthly) | 0% | 5% lower |
| Food | 3% higher | 3% lower |
| Healthcare | 3% higher | 15% higher |
| Transportation | 1% lower | 1% lower |
| Goods & Services | 9% higher | 8% higher |
The cost of living in Fargo, ND is 4% higher than the state average and 2% lower than the national average. Fargo, ND housing is 16% cheaper than the U.S average, while utilities are about 5% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 8% more in Fargo, ND than in the rest of the country, while clothing costs around 8% more .
Healthcare services such as doctor check-ups and dentistry cost 15% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 8% pricier in Fargo, ND.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Fargo is $1,019, while home prices circle around $348,688.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Fargo, energy bills cost around $179.47 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.63 in Fargo, a dozen eggs go for around $3.57 and a pound of potatoes circles around $4.68.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Fargo, an optometry check-up costs around $107.19, while a dentist appointment is priced $120.96 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.13 in Fargo, while getting your tires balanced will run you about $67.18.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $42.58 here. Meanwhile, a pair of women's slacks will set you back around $43.32.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Fargo, you should budget around $12.35 a month. When it comes to personal services, a haircut usually goes for $27.99, while dry cleaning costs about $20.50.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Fargo, the median household income is $64,432.