Cost of Living: Elizabeth, NJ vs Fargo, ND (2026)

Elizabeth

New Jersey
112
VS

Fargo

North Dakota
73

Elizabeth is 53% more expensive than Fargo.

$1,463/mo ↑ 60%
Median Rent
$916/mo ↓ 37%
$63,874/yr ↓ 3%
Median Income
$66,029/yr ↑ 3%
$393,500 ↑ 46%
Home Value
$269,800 ↓ 31%
$1,543/mo ↑ 55%
Owner Costs
$997/mo ↓ 35%
135,887
Population
129,064

Tax Comparison

10.75%
Income Tax
2.5%
6.625%
State Sales Tax
5.0%
2.23%
Property Tax
0.98%

Affordability

27.5%
rent-to-income
Affordability
16.6%
rent-to-income

Detailed Comparison

When comparing Elizabeth, NJ and Fargo, ND, the overall cost of living indices are 112 and 73 respectively (national median = 100). Rent is $547/month cheaper in Fargo, saving renters about $6,564/year.

Median household income is $2,155/year higher in Fargo. Home values also differ significantly — the median in Elizabeth is $393,500 compared to $269,800 in Fargo.

North Dakota has a lower income tax rate, making Fargo slightly more tax-friendly.

Frequently Asked Questions

Elizabeth vs Fargo — common questions

Is Elizabeth or Fargo cheaper to live in?
Based on our cost index, Fargo is cheaper to live in with an index of 73 compared to 112 (US average = 100).
What is the rent difference between Elizabeth and Fargo?
Median rent in Elizabeth is $1,463/month and in Fargo it's $916/month — a difference of $547/month.
Which city has higher income, Elizabeth or Fargo?
Median household income is $63,874 in Elizabeth and $66,029 in Fargo. Median household income is $2,155/year higher in Fargo.
How do taxes compare between New Jersey and North Dakota?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. North Dakota has 2.5% income tax, 5.0% sales tax, and 0.98% property tax.
Should I move to Elizabeth or Fargo?
It depends on your priorities. Elizabeth has a cost index of 112 with median rent of $1,463/mo, while Fargo has a cost index of 73 with rent of $916/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Elizabeth details → View Fargo details →

More Comparisons

Other cost of living comparisons for Elizabeth and Fargo

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