Average All Occupations Salary in Fargo, ND-MN
In Fargo, ND-MN, the average annual salary for All Occupations stands at $62,180, which is slightly below the national average of $67,140. This localized pay rate reflects the specific economic dynamics and demand within the Fargo metropolitan area, influencing compensation levels for its substantial workforce of 147,570 individuals.
Executive Summary
- Average Salary: $62,180 per year.
- Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,930.
- Outlook: Fargo boasts a robust job market for All Occupations, evidenced by a significant local workforce of 147,570. With a Location Quotient of 1, the concentration of these roles aligns precisely with the national average, suggesting a stable and well-established demand that mirrors broader industry trends.
Salary Overview
The average All Occupations in Fargo, ND-MN earns-7.4%below the national average.
$29.9
$1,196
$5,182
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for All Occupations in Fargo have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is likely driven by inflation, increased demand for skilled labor, and the overall economic expansion within the region.
All Occupations Salary Distribution in Fargo, ND-MN
Salary progression for All Occupations in Fargo typically scales with experience. Entry-level positions will naturally command lower salaries, while senior roles, requiring extensive expertise and proven track records, will see significantly higher compensation. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities within the Fargo job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $30,440 | $14.6 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $46,635 | $22.4 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $49,690 | $23.9 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $77,725 | $37.4 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $99,930 | $48 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$62,180
Gross Pay
Real Wage (Purchasing Power)
$62,180
Adjusted for COL (100)
The nominal average salary of $62,180 in Fargo, ND-MN, holds its value effectively due to a Cost of Living Index of 100, which is precisely at the national average. This means that the purchasing power of an average salary in Fargo is comparable to the national standard, making it a financially stable environment for residents.
Job Market Context
147,570
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Fargo, ND-MN has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
With a Location Quotient of 1, the job market for All Occupations in Fargo, ND-MN is neither significantly more nor less concentrated than the national average. This indicates a balanced and competitive landscape where job opportunities are readily available and align with the typical distribution of these roles across the country.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Grand Forks, ND-MN All Occupations Salary | $59,950↓ 4% | 74 mi |
Comparing salaries near Fargo, ND-MN
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Fargo, ND-MN?
The median annual salary for a All Occupations in Fargo, ND-MN is $62,180. This typically ranges from $30,440 for entry-level positions to $99,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fargo, ND-MN is 7.4% lower than the national median of $67,140.
Is Fargo, ND-MN a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.While Fargo offers a stable job market with an average salary of $62,180, this figure falls short of the national average of $67,140. However, the cost of living is on par with the national average, mitigating some of the impact of the lower nominal salary.
Is Fargo, ND-MN a good place to live for All Occupations?
The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fargo, ND-MN?
Some top paying nearby cities include Grand Forks, ND-MN ($59,950) and others.
How does Fargo's average salary compare to the national average?
The average annual salary for All Occupations in Fargo, ND-MN is $62,180, which is approximately $4,960 less than the national average of $67,140.
What is the significance of Fargo's Cost of Living Index?
A Cost of Living Index of 100 means that Fargo's cost of living is exactly the same as the national average. This suggests that the purchasing power of salaries in Fargo is comparable to the national standard.
Is the job market for All Occupations in Fargo concentrated?
No, Fargo's Location Quotient of 1 indicates that the concentration of All Occupations jobs is precisely at the national average, suggesting a balanced and typical job market.
How many All Occupations jobs are there per 1,000 workers in Fargo?
There are 1,000 jobs per 1,000 workers in Fargo, ND-MN for All Occupations, which aligns with the national average and indicates a stable employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 147,570 employees in the Fargo, ND-MN area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Fargo, ND-MN