Fargo, ND Profile: Facts & Data

The City of Fargo is the largest city in North Dakota with a population of 132,193 as of July 1, 2020. 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 elevation is 902 feet.

The City of Fargo (GNIS ID: 1036030) 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, 2020)

POPULATION
Total Population	132,193 (100%)
Population in Households	126,647 (95.8%)
Population in Families	81,574 (61.7%)
Population in Group Quarters¹	5,546 ( 4.2%)
Population Density	2,658
Diversity Index²	32


INCOME
Median Household Income	$56,441
Average Household Income	$81,351
% of Income for Mortgage⁴	16%
Per Capita Income	$35,991
Wealth Index⁵	79

HOUSING
Total HU (Housing Units)	62,756 (100%)
Owner Occupied HU	28,503 (45.4%)
Renter Occupied HU	29,755 (47.4%)
Vacant Housing Units	4,498 ( 7.2%)
Median Home Value	$220,335
Average Home Value	$255,322
Housing Affordability Index³	135

HOUSEHOLDS
Total Households	58,258
Average Household Size	2.17
Family Households	27,936
Average Family Size	3

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.

Fargo, ND - Peer Comparisons by Rank and Percentile

The table below compares Fargo to the other 401 incorporated cities, towns and CDPs in North Dakota by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	2.22%	1.89%
Households	2.16%	1.96%
Families	1.88%	1.68%
Median Household Income		1.28%
Per Capita Income		2.03%
Owner Occupied HU		1.89%

Variable Description	Rank	Percentile
Total Population	# 1	100th
Population Density	# 2	100th
Median Household Income	# 281	30th
Housing Affordability Index	# 193	48th
Per Capita Income	# 198	51st
Diversity Index	# 36	91st

Fargo, ND Profile: Facts & Data

Fargo, North Dakota - Basic Facts

Fargo, ND Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fargo, ND - Peer Comparisons by Rank and Percentile

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