Fargo Population Demographics
According to US population projections for 2022, the estimated population of Fargo is 124,843. 25.37% is under 18, while 12.68% is over 65.
A closer look at the age demography reveals that 6.34% of the population was five years old or younger, 25.37% were 18 years or younger and 23.60% were aged 65 years and over. The gender split in the state was nearly even, with 50.46% female and 49.54% male.
Fargo Housing
According to the US Census, Fargo has 61,277 housing units. The average owner-occupied housing unit rate in Fargo was 95.09%. At the same time, the city's median value of owner-occupied homes was $238,600
Fargo Racial Demographics
In 2020, the US Census estimated that White Alone and Black Or African American Alone constitute 87.68% of Fargo's population. Residents of the city who were Asian Alone, made up 4.11% of the total population.
Other racial groups include American Indian And Alaska Native Alone, constituting 1.60% of the city's population and Some Other Race Alone at 1.20%
| Race | Percentage |
|---|---|
| White Alone | 78.93% |
| Black Or African American Alone | 8.76% |
| Asian Alone | 4.11% |
| American Indian And Alaska Native Alone | 1.60% |
| Some Other Race Alone | 1.20% |
| White Black Or African American | 0.91% |
How Educated is Fargo
According to Census estimates, in 2021, 28.5% of Fargo residents had a bachelor's degree, while 15.0% had a graduate or professional degree.
Overall, 43.50% of residents have a bachelor's degree or higher.
| Education Attainment (Population 25 Years and Older) in Fargo City | Percentage |
|---|---|
| High School Graduate Or Higher | 96.1% |
| Some College Or Associates Degree | 45.4% |
| Bachelors Degree Or Higher | 39.0% |
| Bachelors Degree | 28.5% |
| Some College No Degree | 20.4% |
| High School Graduate Includes Equivalency | 19.3% |
Average Income in Fargo
The median household income in Fargo is $59,089. This figure is significantly (approximately 0.00%) less than the state average of $59,089.
Estimates by family type revealed that families earned an average of $82,703 per year, while married-couple families earned an average of $98,529.
A closer examination of the income groups of Fargo households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $35,000 and $49,999 (14.4%) and those with incomes exceeding $200,000 (7.5%). 6.7% of households in the City of Angels had an annual income of less than $10,000.
Median Income by Type of Family
| Type of Family | Income |
|---|---|
| Families | $82,703 |
| Married-couple families | $98,529 |
| Nonfamily households | $37,027 |