Fargo, North Dakota

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2022 5-Year Estimates
127,319
Population
$64,432
Median Income
$254,900
Home Value
31.9
Median Age

Demographics

Fargo has a population of 127,319 with a median age of 31.9. Here is the racial and ethnic breakdown of the population:

White
81.5%
Black
8.5%
Asian
4.0%
Hispanic
3.2%
Other
2.8%
Demographic Value
Total Population127,319
Median Age31.9
White81.5%
Black or African American8.5%
Asian4.0%
Hispanic or Latino3.2%
Other / Two or More Races2.8%

Income & Economy

The median household income in Fargo is $64,432, which is 14.3% below the national median of $75,149. The per capita income is $41,263. The poverty rate is 13.3%.

$64,432
Median Household Income
$41,263
Per Capita Income
13.3%
Poverty Rate

Employment

The unemployment rate in Fargo is 3.6%, compared to the national rate of 5.4%.

Education

In Fargo, 95.0% of residents age 25+ have a high school diploma or higher, and 42.4% hold a bachelor's degree or higher (13.9% with a graduate or professional degree).

HS Diploma+
95.0%
Bachelor's+
42.4%
Graduate+
13.9%
Education Level % of Adults (25+)
High School Diploma or Higher95.0%
Bachelor's Degree or Higher42.4%
Graduate or Professional Degree13.9%

Housing

The median home value in Fargo is $254,900, below the national median of $281,900. The median monthly rent is $900. The homeownership rate is 44.2%.

$254,900
Median Home Value
$900/mo
Median Rent
44.2%
Homeownership Rate
Housing Metric Value
Median Home Value$254,900
Median Monthly Rent$900
Homeownership Rate44.2%
Vacancy Rate8.3%

🏠 Thinking About Moving to Fargo?

Find resources to help plan your move, explore homes, and compare insurance rates in North Dakota.

Salaries in North Dakota

Explore salary data for popular occupations in North Dakota:

See all North Dakota salaries →

Other Cities in North Dakota

See all North Dakota cities →

Frequently Asked Questions

What is the population of Fargo, North Dakota?
The population of Fargo, North Dakota is 127,319 according to U.S. Census Bureau ACS 2022 5-Year Estimates.
What is the median household income in Fargo, North Dakota?
The median household income in Fargo, North Dakota is $64,432. This is 14.3% below the national median of $75,149.
What is the median home value in Fargo, North Dakota?
The median home value in Fargo, North Dakota is $254,900. The median monthly rent is $900.
What percentage of people in Fargo have a college degree?
In Fargo, North Dakota, 42.4% of adults age 25 and older hold a bachelor's degree or higher, and 95.0% have a high school diploma or higher.
Is Fargo, North Dakota an affordable place to live?
The home price-to-income ratio in Fargo, North Dakota is 4.0x (median home value $254,900 vs. median income $64,432), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

Salary Data in North Dakota

All Jobs in North Dakota Highest Paying Jobs Jobs Over $100K Average Salary

Explore More in North Dakota

Rankings
Highest Paying Jobs Jobs Over $100K Average Salary All Jobs in North Dakota