Salary & Cost of Living in Fargo, ND
Fargo, ND: $60,000 median salary, cost of living index 93, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$60,000
$29/hr
Cost of Living
93
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
1.8%
rate
Fargo, ND Overview
Population
125,990
Median Salary
$60,000
Average Salary
$66,000
Avg Commute
17 min
Median Home Price
$260,000
Median Rent
$1,000/mo
Job Growth
+2%
Sales Tax
7.5%
Fargo is located in North Dakota with a population of 125,990. The median household salary is $60,000 per year ($29/hour), which is $616 above the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2%.
Fargo Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Fargo, ND, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$49,079
$4,089.88/month · $1,887.63/biweekly · Effective Rate: 18.2%
Gross Pay
$60,000
Federal Tax
-$5,162
State Tax
-$1,170
Local Tax
$0
FICA
-$4,590
Net Pay
$49,079
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,000.00 | $60,000.00 |
| Federal Income Tax | -$430.13 | -$5,161.50 |
| North Dakota State Tax (1.95%) | -$97.50 | -$1,170.00 |
| Social Security (6.2%) | -$310.00 | -$3,720.00 |
| Medicare (1.45%) | -$72.50 | -$870.00 |
| Net Take-Home Pay | $4,089.88 | $49,078.50 |
Salary Comparison: Fargo vs Other Cities
See how Fargo's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Fargo, ND | $60,000 | 93 | $64,516 |
| National Average | $59,384 | 100 | $59,384 |
| Tampa, FL | $60,000 | 102 | $58,824 |
| Idaho Falls, ID | $60,000 | 93 | $64,516 |
| Joliet, IL | $60,000 | 90 | $66,667 |
| Kansas City, MO | $60,000 | 90 | $66,667 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Fargo
Fargo's cost of living index is 93 (national average = 100). Living in Fargo is 7% less expensive than the national average.
Median Home Price
$260,000
Median Monthly Rent
$1,000
Annual Rent Cost
$12,000
Your Salary's Purchasing Power
Your $49,079 annual take-home pay in Fargo has the purchasing power of approximately $52,773 in an average-cost US area. Your $60,000 salary stretches further here than in most US cities.
Top Industries in Fargo
Fargo's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $60,000.
Salary Tips for Fargo Workers
- Research top industries. Fargo's top industries include Healthcare, Technology, Education. Targeting roles in these sectors can help you earn above the $60,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Fargo, ND?
The median salary in Fargo, ND is $60,000 per year, or $29 per hour. The average salary is $66,000. This is $616 above the national median of $59,384.
What is the cost of living in Fargo, ND?
Fargo's cost of living index is 93 (national average = 100), meaning it is 7% less expensive compared to the national average. The median home price is $260,000 and the median monthly rent is $1,000.
What are the best industries in Fargo?
The top industries in Fargo, ND include Healthcare, Technology, Education. The city has a job growth rate of 2% and an unemployment rate of 1.8%. Workers in these industries often earn above the city's median salary of $60,000.
How does Fargo's salary compare to other cities?
Fargo's median salary of $60,000 is 1.0% above the national median of $59,384. However, when adjusted for cost of living (index: 93), the real purchasing power is approximately $64,516.
What is the minimum wage in Fargo, ND?
The minimum wage in Fargo, ND is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.