LendEDU: West Fargo one of the most budget-friendly cities!
July 20, 2020
West Fargo has been nationally recognized by LendEDU as one of the most budget-friendly cities in the country for renters!
They researched over 25,000 American cities and each city was ranked according to its rent-to-income ratio, or the proportion of a city’s median household income that goes to annual rent costs (including utilities). The lower percentages were more favorable.
West Fargo has an average annual rent cost of $11,472 and a median household income of $81,616 for a rent-to-income ratio of 14.06%. It is recommended that rent should not cost more than 30% of an annual income.
West Fargo’s low rent-to-income ratio ranked #20 in the country and #1 in the state of North Dakota!
View the full report below: