Cost of living in Fargo
Fargo, located in North Dakota, is a vibrant city known for its friendly community and growing economy. Understanding the cost of living in Fargo is crucial for anyone considering moving to or living in the city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13 on average, with a range between $9 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $50, with prices ranging from $45 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11, with a range between $10 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $6 to $12, cappuccino $3.5 to $9, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.95 and $1.59 per liter, averaging $1.19.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.08 and $4.96, with an average price of $2.97.
- Eggs (Dozen) - A dozen eggs range from $1.99 to $12, averaging $3.75.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.41 to $19.84 per kg, while oranges range from $3.86 to $17.64 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $3.28 and $8.82 per kg, and lettuce costs $1.89 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.5, with a monthly pass priced between $42 and $100.
- Fuel (Gasoline) - Gasoline is priced between $0.75 and $0.9 per liter.
- Car Purchase - A new Volkswagen Golf costs between $35,362.95 and $40,000, while a Toyota Corolla ranges from $24,233 to $26,400.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $700 to $1300, averaging $1015.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $550 to $950, averaging $758.33.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1500 to $3890, averaging $2563.33.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1375 to $2000, averaging $1545.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1679.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $1679.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $88.1 and $320.47, averaging $159.44.
- Internet - Internet services range from $45 to $80, with an average cost of $59.34.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Fargo offers a relatively affordable cost of living compared to larger metropolitan areas, with reasonable housing and transportation costs.
Dining out can be budget-friendly, especially at casual restaurants, while grocery prices vary widely depending on the product.
Utilities and internet services are moderately priced, contributing to the overall affordability of living in Fargo.
Conclusion
In conclusion, Fargo, ND, presents a balanced cost of living with affordable housing options and moderate expenses in dining and transportation.
This makes it an attractive option for individuals and families looking for a city with a strong community feel and manageable living costs.