Cost of Living: Fargo, ND vs Richardson, TX (2026)

Fargo

North Dakota
73
VS

Richardson

Texas
128

Fargo is 43% cheaper than Richardson.

$916/mo ↓ 50%
Median Rent
$1,825/mo ↑ 99%
$66,029/yr ↓ 31%
Median Income
$96,257/yr ↑ 46%
$269,800 ↓ 33%
Home Value
$405,600 ↑ 50%
$997/mo ↓ 44%
Owner Costs
$1,796/mo ↑ 80%
129,064
Population
118,269

Tax Comparison

2.5%
Income Tax
0%
5.0%
State Sales Tax
6.25%
0.98%
Property Tax
1.6%

Affordability

16.6%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Fargo, ND and Richardson, TX, the overall cost of living indices are 73 and 128 respectively (national median = 100). Rent is $909/month cheaper in Fargo, saving renters about $10,908/year.

Median household income is $30,228/year higher in Richardson. Home values also differ significantly — the median in Fargo is $269,800 compared to $405,600 in Richardson.

Texas has no state income tax, giving Richardson residents a significant tax advantage over North Dakota's 2.5% rate.

Frequently Asked Questions

Fargo vs Richardson — common questions

Is Fargo or Richardson cheaper to live in?
Based on our cost index, Fargo is cheaper to live in with an index of 73 compared to 128 (US average = 100).
What is the rent difference between Fargo and Richardson?
Median rent in Fargo is $916/month and in Richardson it's $1,825/month — a difference of $909/month.
Which city has higher income, Fargo or Richardson?
Median household income is $66,029 in Fargo and $96,257 in Richardson. Median household income is $30,228/year higher in Richardson.
How do taxes compare between North Dakota and Texas?
North Dakota has 2.5% income tax, 5.0% sales tax, and 0.98% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Fargo or Richardson?
It depends on your priorities. Fargo has a cost index of 73 with median rent of $916/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Fargo details → View Richardson details →

More Comparisons

Other cost of living comparisons for Fargo and Richardson

Fargo vs. Santa Clara Fargo vs. Norman Fargo vs. Carrollton Fargo vs. Lewisville Fargo vs. New Haven Fargo vs. Lehigh Acres Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater