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Fargo, ND-MN: overall prices -9.1% vs the U.S. average, rents -19.4% (BEA RPP, 2024).
AI summary — generated from this report's data
The overall price level in the Fargo, ND-MN area is 90.9, indicating that prices are 9.1% lower than the U.S. average. Rents in this area are 81.1, which is 19.4% lower than the national average. The average income per person in the county is $74,118.
The overall price level in Fargo, ND-MN is 9.1% lower than the U.S. average.
Rents in Fargo, ND-MN are 19.4% lower than the national average, a larger difference than the overall price level.
The reader should consider how the local cost of living, particularly rents, compares to their financial objectives.
Advisory read: The data suggests the reader weigh the implications of the Fargo, ND-MN area's overall price level of 90.9 and rent index of 81.1 when considering their property.
Cost of living
90.9
index · U.S. = 100 · Fargo, ND-MN
Overall price level
90.9
index, U.S. = 100 (-9.1% vs national)
Rents
81.1
index (-19.4% vs national)
Income per person
$74,118
county average, 2024
Price level vs the national average
Measure
Index
vs U.S.
All items (overall prices)
90.9
-9.1%
Rents
81.1
-19.4%
U.S. Bureau of Economic Analysis (Regional Price Parities), 2024. An index where the U.S. average = 100. Each line is compared against its OWN national figure (the U.S. rents index is 100.6, not exactly 100).
How to read this
Regional Price Parities measure what a dollar buys in Fargo, ND-MN compared with the U.S. average (= 100). An index of 90.9 means overall prices run -9.1% versus the country as a whole (2024). Rents here (-19.4%) are cheaper relative to the national average than everyday prices are (-9.1%). This is published for the metro area, not for this individual address, and it describes the AREA's price level — it is not a valuation of this property and is never used as an input to the rent or value estimate.
Source: U.S. Bureau of Economic Analysis (Regional Price Parities), 2024; per-capita income from BEA CAINC1.
Published for the metro area. An area price index, never an input to a rent or value estimate.
Report generated on August 03, 2026. Figures are retrieved live or from a short-lived
cache (up to 30 days for some public-data sources), so a figure may pre-date this report —
each context card states its own data vintage. Comparable recency is shown per comp;
county assessment figures reflect the assessor's latest published tax year; HUD figures
reflect the current published fiscal year.
Rentari IQ rent estimates are informational market references, not pricing instructions. They are generated from your own property data, real comparable market listings, and — where local listing data is limited — AI-estimated market references (clearly labelled as such), never from other landlords' confidential rents, to support your own independent pricing decisions. You set your rents; Rentari does not. Every estimate is an advisory data point, and you remain solely responsible for the rent you charge. Estimates are not appraisals or legal advice and do not account for fair-housing, rent-control, or local pricing laws. Confirm every rent independently and comply with all applicable federal, state, and local requirements.
Disclaimer
This report is for informational purposes only and does not constitute financial, legal, investment, tax, or appraisal advice. Figures are drawn from the public and licensed data sources below and, where noted, AI-generated insights (Google Gemini) — always labelled as such. Please consult qualified professionals before making any decision.
Data sources
Rent comps & listings: RentCast · Property value, tax & assessment: ATTOM Data · Fair Market Rents & income limits: HUD (HUD.gov) · Demographics, income & housing medians: U.S. Census Bureau (American Community Survey) · New-construction supply: U.S. Census Bureau (Building Permits Survey) · Migration & income flows: IRS (Statistics of Income) · Employment, wages & rent inflation: U.S. Bureau of Labor Statistics · Flood zones & natural-hazard risk: FEMA (Flood Hazard Layer, National Risk Index) · Environmental screen & walkability: U.S. EPA (Superfund, AirNow, Walkability Index) · Seismic design values: U.S. Geological Survey · Mortgage market & rates: HMDA / Freddie Mac · Street View & geocoding: Google Maps · AI summaries & AI-estimated comps: Google Gemini (clearly labelled where used) · Your own executed leases: de-identified, from your account only
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