Salary Needed to Live in Fargo as a Family
A family of four (2 adults, 2 children) needs approximately $55,058/year to live comfortably in Fargo, ND — including 15% savings.
Comfortable Salary
$55,058
with 15% savings
Bare Minimum
$43,897
no savings buffer
Monthly Expenses
$2,707
7% below national avg
Detailed Monthly Budget for a Family in Fargo
| Expense | Fargo | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $232 | $209 | +11% |
| 🛒 Groceries | $44 | $44 | 0% |
| ⚡ Utilities | $20 | $28 | -29% |
| 🚗 Transportation | $44 | $44 | 0% |
| 🛡️ Car Insurance | $139 | $211 | -34% |
| 🏥 Health Insurance | $38 | $53 | -28% |
| Childcare/After-school | $1,128 | $1,200 | -6% |
| Internet + Phones | $169 | $180 | -6% |
| Children Activities | $235 | $250 | -6% |
| Dining Out | $329 | $350 | -6% |
| School Supplies & Clothing | $188 | $200 | -6% |
| Healthcare Co-pays | $141 | $150 | -6% |
| Total Monthly | $2,707 | $2,919 | -7% |
How We Calculated the Salary
Monthly expenses:$2,707
Target savings (15%):$599/mo
Monthly after-tax needed:$3,306
Effective tax rate:26%
Gross annual salary needed:$55,058
Other Household Types in Fargo
Related Pages
FAQ
What salary does a family with kids need in Fargo?
A family with kids needs approximately $55,058/year ($4,588/month gross) to live comfortably in Fargo with a 15% savings rate.
How much is rent for a family with kids in Fargo?
A 3br apartment/house in Fargo costs approximately $232/month, which is the largest single expense at 9% of the total budget.
Is Fargo affordable for a family with kids?
Yes, Fargo is 7% more affordable than the national average for a family with kids.