Fargo, ND Profile: Facts & Data

The City of Fargo is the largest city in North Dakota with a population of 136,665 as of July 1, 2024. Fargo ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Dakota. See peer rankings below.

The primary coordinate point for Fargo is located at latitude 46.8772 and longitude -96.7898 in Cass County. The formal boundaries for the City of Fargo encompass a land area of 48.94 sq. miles and a water area of 0 sq. miles. Cass County is in the Central time zone (GMT -6).

The City of Fargo has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Fargo, ND Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	136,665 (100%)
Population in Households	128,548 (94.1%)
Population in Families	85,592 (62.6%)
Population in Group Quarters¹	8,117 ( 5.9%)
Population Density	2,689
Diversity Index²	43


INCOME
Median Household Income	$61,652
Average Household Income	$91,178
% of Income for Mortgage⁴	30%
Per Capita Income	$40,426
Wealth Index⁵	70
Socioeconomic Status Index⁶	Moderate (53.3)

HOUSING
Total HU (Housing Units)	66,407 (100%)
Owner Occupied HU	27,680 (41.7%)
Renter Occupied HU	32,353 (48.7%)
Vacant Housing Units	6,374 ( 9.6%)
Median Home Value	$297,915
Average Home Value	$363,080
Housing Affordability Index³	78

HOUSEHOLDS
Total Households	60,033
Average Household Size	2.14
Family Households	28,605
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Fargo, ND - Peer Comparisons by Rank and Percentile

The table below compares Fargo to the other 406 incorporated cities, towns and CDPs in North Dakota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.93%	1.19%
Households	1.60%	1.39%
Families		1.26%
Median Household Income		1.88%
Per Capita Income		3.03%
Owner Occupied HU		1.86%

Variable Description	Rank	Percentile
Total Population	# 1	100th
Population Density	# 3	100th
Median Household Income	# 337	17th
Housing Affordability Index	# 202	50th
Per Capita Income	# 290	29th
Diversity Index	# 30	93rd

Fargo, ND Profile: Facts & Data

Fargo, North Dakota - Basic Facts

Fargo, ND Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fargo, ND - Peer Comparisons by Rank and Percentile

Fargo, ND - Most Popular Things to Do

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