Income and Poverty in Fargo, ND-MN
As the median household income witnessed a decline during the period of 2000 to 2005 in the Fargo, ND-MN metro area, the Race/Ethnicity category that saw the sharpest decline in median income was the Hispanic Race/Ethnicity category. This category went through a decline of 4.6 percent since 2000. The Hispanic population group was least impacted by the household income decline in Fargo, undergoing a 4.6 percent decline in household income level, since the year 2005.
Contrasted against to other Metropolitan Areas throughout the US, the Fargo metro area may be understood as having a medium-low rate of poverty among its population, accounting a rate of 11.0 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 38.1 percent of the population in 2000 living in poverty. Individuals aged Under 5 years are witness to the most percent living in poverty in Fargo, accounting 14.5 percent of this age group in the area living in poverty.
Compared to other MSAs throughout the nation, the Fargo metro area was reported to have a medium-low household income of $44,541 (Adjusted to 2005 Dollars). This is 9.1 percent higher than the median income in State of North Dakota of $40,487 and this is 10.3 percent lower than the median household income level in the US of $49,133.
The median household income has declined a small amount from the 2000 values (inflation adjusted). The median income has decreased to $44,108, posting a 1 percent decline. The Fargo, ND-MN MSA, when comparing total percent of decline, ranks 10 of 10 metro area in percent of decline for the household income level in the State of North Dakota. Fargo ranks 228 of 233 metro area when comparing total percent of decline in median income in the US.
The poverty rate in the Fargo, ND-MN Metro has increased by 1.1 percent from the levels reported in the Decennial Census of 2000, moving from 11 percent to 12.1 percent.
It was reported in 2000 that the Asian headed households had median household incomes of $27,025. This median is 39.3 percent less than the all households reported median in the area. Hispanic households in Fargo, ND-MN reported a median household income of $30,956, which is 30.5 percent less than the median reported for all households in the area. The American Indian and Alaska Native households in Fargo had a median household income level of $24,445, this was 45.1 percent less than the median for all households. In Fargo, ND-MN White headed households reported a median household income (2005 Dollars) of $45,320 according to the 2000 Dencennial Census, which was 1.7 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 4.6 percent less than the all population median published in the 2000 Census, with a median of $42,513.
Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.
Contrasted against to other Metropolitan Areas throughout the US, the Fargo metro area may be understood as having a medium-low rate of poverty among its population, accounting a rate of 11.0 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 38.1 percent of the population in 2000 living in poverty. Individuals aged Under 5 years are witness to the most percent living in poverty in Fargo, accounting 14.5 percent of this age group in the area living in poverty.
Compared to other MSAs throughout the nation, the Fargo metro area was reported to have a medium-low household income of $44,541 (Adjusted to 2005 Dollars). This is 9.1 percent higher than the median income in State of North Dakota of $40,487 and this is 10.3 percent lower than the median household income level in the US of $49,133.
The median household income has declined a small amount from the 2000 values (inflation adjusted). The median income has decreased to $44,108, posting a 1 percent decline. The Fargo, ND-MN MSA, when comparing total percent of decline, ranks 10 of 10 metro area in percent of decline for the household income level in the State of North Dakota. Fargo ranks 228 of 233 metro area when comparing total percent of decline in median income in the US.
The poverty rate in the Fargo, ND-MN Metro has increased by 1.1 percent from the levels reported in the Decennial Census of 2000, moving from 11 percent to 12.1 percent.
It was reported in 2000 that the Asian headed households had median household incomes of $27,025. This median is 39.3 percent less than the all households reported median in the area. Hispanic households in Fargo, ND-MN reported a median household income of $30,956, which is 30.5 percent less than the median reported for all households in the area. The American Indian and Alaska Native households in Fargo had a median household income level of $24,445, this was 45.1 percent less than the median for all households. In Fargo, ND-MN White headed households reported a median household income (2005 Dollars) of $45,320 according to the 2000 Dencennial Census, which was 1.7 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 4.6 percent less than the all population median published in the 2000 Census, with a median of $42,513.
Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.
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