Cost of Living in Fargo, ND
Housing
The housing market plays a significant role in determining the cost of living in Fargo, ND.
- Housing Index: 90.0 / 100
- Median Home Price is: $334000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1320 per month
Considering the data for Fargo, ND, it appears that the housing index of 90.0 indicates a moderately affordable market. With a median home price of 334000, potential homebuyers may find it more accessible compared to regions with higher market values. Rental options are reasonable, with the average rent for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1320. Keep in mind that networking, local job opportunities, and quality of schools may also play vital roles in your decision-making process moving forward.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fargo, ND.
- Electricity Price: $13.65 USD (median by state)
- Natural Gas Price: $10.8 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Fargo, ND could entail higher utility costs. Electricity costs sit at $13.65, while natural gas is priced at $10.8 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fargo is a financially viable option for your relocation.