Cost Of Living in Fargo, AR

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Fargo	Arkansas	National
Cost of living	100	86	100
Goods & Services	107	98	100
Groceries	98	95	100
Health care	88	88	100
Housing	n/a	65	100
Transportation	88	90	100
Utilities	94	92	100

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Cost Of Living Quick Facts

The cost of living in Fargo is 16% higher than the Arkansas average
The cost of living in Fargo is equal to the national average
Fargo housing is 18% lower than the national average
Arkansas general sales tax is 27% higher than the national average
Arkansas state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$38,750	$3,229	$904	$1,163
Renters	$0	$0	$0	$0

Arkansas Sales Tax

State	General Sales Tax	With Max Surtax
Arkansas	6.5%	11.625%

Arkansas Income Tax

State	Income Tax (Low)	Income Tax (High)
Arkansas	2%	4.9%

Goods & Services

Item	Fargo	National avg.	Difference
Haircut	$28.72	$24.26	18.4%
Beauty Salon	$47.61	$45.56	4.5%
Toothpaste	$3.61	$3.70	2.6%
Shampoo	$1.17	$1.28	8.9%
Movie	$13.35	$12.13	10.1%
Bowling	$15.56	$18.00	13.6%

Groceries

Item	Fargo	National avg.	Difference
Ground Beef	$5.76	$5.84	1.4%
Fried Chicken	$1.36	$1.57	13.3%
Milk	$4.65	$4.67	0.5%
Potatoes	$5.31	$4.93	7.6%
Pizza	$11.20	$12.09	7.4%
Beer	$10.24	$10.41	1.6%

Health Care

Item	Fargo	National avg.	Difference
Optometrist	$115.17	$125.68	8.4%
Doctor	$132.33	$135.78	2.5%
Dentist	$81.53	$113.29	28.0%
Ibuprofen	$10.35	$10.65	2.8%
Lipitor	$471.21	$468.60	0.6%

Housing

Item	Fargo	National avg.	Difference
Home Price	$0.00	$184,700.00	100.0%
Avg. Mortgage Payment	$2,117.76	$2,346.69	9.8%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Fargo	National avg.	Difference
Gasoline	$3.05	$3.46	12.0%
Tire Balancing	$53.11	$59.92	11.4%

Utilities

Item	Fargo	National avg.	Difference
All Electricity	$166.99	$193.99	13.9%
Phone	$205.18	$192.25	6.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cotton Plant, AR	507	76	23.6%
Wheatley, AR	615	75	24.8%
Hunter, AR	119	76	23.6%
Fredonia (Biscoe), AR	239	82	17.7%
Brinkley, AR	2,661	83	16.7%
Fargo, AR	103	100	0.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Broomtown, AL	103	104	4.4%
Sedalia, CO	103	142	42.3%
Manassas, GA	103	98	2.0%
Matthews, GA	103	91	9.5%
Arispe, IA	103	82	18.4%
Fargo, AR	103	100	0.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Fargo, AR