Anchorage vs Fargo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 27% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,162/mo in Anchorage — saving $2,988/year.
Rent by Unit Size
| Unit Size | Anchorage | Fargo | Difference |
|---|---|---|---|
| Studio | $795 | $577 | $218 |
| 1 Bedroom | $960 | $717 | $243 |
| 2 Bedrooms | $1,162 | $913 | $249 |
| 3 Bedrooms | $1,475 | $1,145 | $330 |
| 4 Bedrooms | $1,674 | $1,249 | $425 |
| Median Income | $75,443 | $45,978 | $29,465 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/yr
Frequently Asked Questions
Is Anchorage or Fargo cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,162/mo in Anchorage. That's $249/mo or $2,988/year more expensive in Anchorage (27% higher).
What is the 2-bedroom rent in Anchorage vs Fargo?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Fargo, a 2-bedroom FMR is $913/month.
How do incomes compare between Anchorage and Fargo?
The median household income in Anchorage is $75,443/year. In Fargo it is $45,978/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Fargo?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Fargo it is $577/mo.