Fargo vs Merced
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 16% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,055/mo in Merced — saving $1,704/year.
Rent by Unit Size
| Unit Size | Fargo | Merced | Difference |
|---|---|---|---|
| Studio | $577 | $696 | $119 |
| 1 Bedroom | $717 | $865 | $148 |
| 2 Bedrooms | $913 | $1,055 | $142 |
| 3 Bedrooms | $1,145 | $1,328 | $183 |
| 4 Bedrooms | $1,249 | $1,460 | $211 |
| Median Income | $45,978 | $60,958 | $14,980 |
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
Merced
- Studio
- $696/mo
- 1 BR
- $865/mo
- 2 BR
- $1,055/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,460/mo
- Median Income
- $60,958/yr
Frequently Asked Questions
Is Fargo or Merced cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,055/mo in Merced. That's $142/mo or $1,704/year more expensive in Merced (16% higher).
What is the 2-bedroom rent in Fargo vs Merced?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Merced, a 2-bedroom FMR is $1,055/month.
How do incomes compare between Fargo and Merced?
The median household income in Fargo is $45,978/year. In Merced it is $60,958/year. Merced has the higher median income.
What is the studio rent in Fargo vs Merced?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Merced it is $696/mo.