Everything You Need to Know About the City of Fargo North Dakota

In 2017, Fargo, North Dakota had a population of 118k people with a median age of 30.3 and a median household income of $50,561 dollars. Between 2016 and 2017 the population of Fargo, ND grew from 115,950 to 118,099, a 1.85 percent increase and its median household income grew from $48,060 dollars to $50,561 dollars, a 5.2 percent increase.

The population of Fargo, ND is 84.5 percent White Alone, 5.43 percent Black or African American Alone, and 3.54 percent Asian Alone. N/A% of the people in Fargo, ND speak a non-English language, and 94.9 percent are U.S. citizens.

The largest universities in Fargo, ND are North Dakota State University-Main Campus (3,085 degrees awarded in 2017), Rasmussen College-North Dakota (246 degrees), and The Salon Professional Academy-Fargo (81 degrees).

The median property value in Fargo, ND is $190,200 dollars, and the homeownership rate is 43.4 percent. Most people in Fargo, ND commute by Drove Alone, and the average commute time is 14.6 minutes. The average car ownership in Fargo, ND is 2 cars per household.

 

Education in Fargo

In 2017, universities in Fargo, ND awarded 3,509 degrees. The student population of Fargo, ND is skewed towards men, with 7,775 male students and 7,353 female students.

Most students graduating from Universities in Fargo, ND are White (2,981 and 90.6 percent), followed by Unknown (72 and 2.19 percent), Black or African American (71 and 2.16 percent), and Two or More Races (49 and 1.49 percent).

The largest universities in Fargo, ND by the number of degrees awarded are North Dakota State University-Main Campus (3,085 and 87.9 percent), Rasmussen College-North Dakota (246 and 7.01 percent), and The Salon Professional Academy-Fargo (81 and 2.31 percent).

The most popular majors in Fargo, ND are Registered Nursing (192 and 5.47 percent), General Human Development & Family Studies (147 and 4.19 percent), and Mechanical Engineering (139 and 3.96 percent).

The median tuition costs in Fargo, ND is $N/A for private four-year colleges, and $7,201 dollars and $19,227 dollars respectively, for public four-year colleges for in-state students and out-of-state students.

 

Economy in Fargo

The economy of Fargo, ND employs 69.9k people and Fargo has an unemployment rate of 2.3 percent. Fargo has seen the job market decreased by -1.0 percent over the last year. Future job growth over the next ten years is predicted to be 38.7 percent, which is higher than the US average of 33.5 percent. The largest industries in Fargo, ND are Health Care & Social Assistance (12,295 people), Accommodation & Food Services (6,890 people), and Retail Trade (8,433 people), and the highest paying industries are Public Administration ($50,173 dollars), Mining, Quarrying, & Oil & Gas Extraction ($49,900 dollars), and Professional, Scientific, & Technical Services ($46,700 dollars).

Households in Fargo, ND have a median annual income of $50,561 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $48,060 dollars in 2016, which represents a 5.2 percent annual growth.

 

Tax Rates for Fargo

 

– The Sales Tax Rate for Fargo is 7.5 percent.

– The Income Tax Rate for Fargo is 2.0 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.

 

Income and Salaries for Fargo

– The average earnings of a Fargo resident are $29,986 dollars a year.

– The Median household earnings of a Fargo resident is $46,311dollars a year.