Business and Economy in Fargo, ND
Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Fargo, ND is $46,175, and check out the following articles to get an inside look at its key industries and job opportunities.
Tech companies, advanced manufacturing lead array of industries
The Fargo-Moorhead, ND economy has many emerging vaccine manufacturers and other high-tech industries in the region.
Community has thousands of job openings in top fields
The Fargo Moorhead area is managing rapid growth by planning to create big-city amenities while nurturing a small-town sense of community.
Fargo's research, technology, and manufacturing industries are growing with major companies such as Microsoft, Phoenix, and Echelon Corporation.
Fargo's major companies range from healthcare to sporting goods, which shows the city's diverse workforce and economy.
Companies advance in technology sectors
See how the North Dakota State University Technology Incubator is helping entrepreneurs.
While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Fargo’s economy.
|Employment Armed Forces||0.1%|
|Employment Civilian Labor Force||74.7%|
|Employment Not in Labor Force||25.2%|
|Employment Total in Labor Force||74.8%|
|Agriculture, Forestry, Fishing and Hunting and Mining||1.6%|
|Transportation and Warehousing, and Utilities||4%|
|Finance and Insurance, and Real Estate and Rental and Leasing||8.5%|
|Professional, Scientific and Management and Administrative and Waste||9.5%|
|Educational Services and Health Care and Social Assistance||27%|
|Arts, Entertainment and recreation and Accommodation and food Services||10.2%|
|Other Services, Except Public Administration||3.9%|