Business & Finance Fargo, ND Pop. 125,990

Economist Salary in Fargo, North Dakota

The median economist salary in Fargo, ND is $107,104 per year, which is 6% below the national median and 4.4% above the North Dakota state average.

City Median
$107,104
vs State Avg
+$4,558
vs National
$-6,836
Cost of Living
94%

Economist Pay in Fargo: What to Expect (2026)

Fargo offers a median economist salary of $107,104, which is $4,558 above the North Dakota state average of $102,546. Compared to the national median of $113,940, Fargo pays below the national benchmark for this role.

Fargo's cost of living is 94% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for economists in Fargo spans from $58,280 at the 10th percentile to $186,120 at the 90th percentile — a $127,840 spread. Entry-level professionals start around $61,100, while senior economists with 8+ years of experience can earn up to $173,900. With a population of 125,990, Fargo is a mid-sized metro with a growing job market.

Economist Salary in Fargo by Experience

In Fargo, an entry-level economist earns around $61,100, while experienced professionals earn up to $173,900 per year. The local cost of living index is 94% of the national average.

Entry Level (0-2 yrs)
$61,100
$-3,900 vs national
Mid Level (3-7 yrs)
$108,100
$-6,900 vs national
Senior Level (8+ yrs)
$173,900
$-11,100 vs national

Salary Percentiles in Fargo, ND

Percentile Fargo
10th Percentile $58,280
25th Percentile $77,080
Median (50th) $107,104
75th Percentile $145,700
90th Percentile $186,120

Economist Salary in Other North Dakota Cities

How to Become a Economist in Fargo

Education

Most economist positions require a master's degree. Fargo and the surrounding North Dakota area have institutions offering relevant programs.

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Demand in Fargo may vary based on local industry and population growth.

Find Economist Jobs in Fargo

Browse open economist positions in Fargo, ND:

Frequently Asked Questions: Economist Salary in Fargo

How much does a Economist make in Fargo, ND? ▼
The median economist salary in Fargo, North Dakota is $107,104 per year, which is 6% below the national median of $113,940. Salaries range from $58,280 (10th percentile) to $186,120 (90th percentile).
How much does a Economist make per hour in Fargo? ▼
Based on the median annual salary of $107,104, a economist in Fargo earns approximately $51 per hour assuming a standard 2,080-hour work year.
How does Fargo compare to the North Dakota state average for economist pay? ▼
Fargo's median economist salary of $107,104 is 4.4% above the North Dakota state average of $102,546. The local cost of living index is 94% of the national average.
What is the cost of living in Fargo, ND? ▼
Fargo has a cost of living index of 94% compared to the national average. This means a economist salary of $107,104 in Fargo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Fargo? ▼
Most economist positions in Fargo require a master's degree. Key skills include Econometrics, Statistical Analysis, R/Python, Economic Modeling. The job market is projected to grow 6% nationally over the next decade.