Salary Needed to Live in Fargo as a Single
A single adult living independently needs approximately $18,038/year to live comfortably in Fargo, ND — including 10% savings.
Comfortable Salary
$18,038
with 10% savings
Bare Minimum
$15,600
no savings buffer
Monthly Expenses
$962
11% below national avg
Detailed Monthly Budget for a Single in Fargo
| Expense | Fargo | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $125 | $113 | +11% |
| 🛒 Groceries | $17 | $17 | 0% |
| ⚡ Utilities | $10 | $14 | -29% |
| 🚗 Transportation | $26 | $26 | 0% |
| 🛡️ Car Insurance | $139 | $211 | -34% |
| 🏥 Health Insurance | $38 | $53 | -28% |
| Internet | $61 | $65 | -6% |
| Phone | $80 | $85 | -6% |
| Dining & Social | $282 | $300 | -6% |
| Entertainment | $113 | $120 | -6% |
| Personal Care | $71 | $75 | -5% |
| Total Monthly | $962 | $1,079 | -11% |
How We Calculated the Salary
Monthly expenses:$962
Target savings (10%):$124/mo
Monthly after-tax needed:$1,086
Effective tax rate:26%
Gross annual salary needed:$18,038
Other Household Types in Fargo
Related Pages
FAQ
What salary does a single person need in Fargo?
A single person needs approximately $18,038/year ($1,503/month gross) to live comfortably in Fargo with a 10% savings rate.
How much is rent for a single person in Fargo?
A studio/1br in Fargo costs approximately $125/month, which is the largest single expense at 13% of the total budget.
Is Fargo affordable for a single person?
Yes, Fargo is 11% more affordable than the national average for a single person.