NAICS 62

Healthcare and Social Assistance in Fargo, ND

Metro Market Score 59.5 (Challenging), ranked #204 of 248 metros. 1,129 establishments, 26,173 jobs.

Metro Market Score 59.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national healthcare and social assistance average.

💰High-Cost Market

Market conditions for healthcare and social assistance in Fargo are tougher than average. The 59.5 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #204 of 248 metros.

Industry Concentration

74.2

LQ: 1.24

Rank #184 of 248 metros

Wage Competitiveness

77.0

$68,190 avg wage

Growth Trend

53.6

Employment growth index

Rank #116 of 248 metros

Wage Pressure

39.0

YoY wage change index

1,129 Healthcare and Social Assistance Firms in Fargo

1,129

Establishments

+11.3% YoY

26,173

Total Employment

+3.6% YoY

$68,190

Average Annual Wage

+2.7% YoY

1.24

Location Quotient

Above national avg

Within North Dakota

#1 of 2

healthcare and social assistance metros in state

North Dakota state rank

#3 of 51

for healthcare and social assistance entry risk

vs State Median

-8.7

better than median (68.2)

Fargo vs North Dakota Statewide

How this metro's healthcare and social assistance market compares to North Dakota overall. The state ranks #3/51 for entry risk.

Measure	Fargo	ND Statewide
Overall Score	59.5 Challenging	26.2 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#204 of 248 metros	#3 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Fargo

Accommodation and Food Services 35.3 Retail Trade 42.5 Administrative and Support Services 53.6 Real Estate and Rental and Leasing 54.2 Construction 54.6 Professional, Scientific, and Technical Services 64.7 Other Services 67.5 Information 71.5 Finance and Insurance 72.7

Healthcare and Social Assistance in Other North Dakota Metros

Grand Forks 68.2 #233/248

Healthcare and Social Assistance Metros With Similar Conditions

Metros within 5 points of Fargo's 59.5 score. Useful when comparing markets with comparable entry profiles.

Waterbury-Shelton, CT 59.5 #205/248 Johnstown, PA 59.5 #203/248 Owensboro, KY 59.2 #202/248 Rapid City, SD 59.9 #206/248 Binghamton, NY 58.7 #201/248 Milwaukee-Waukesha, WI 58.5 #200/248 Sebring, FL 60.8 #207/248 Flint, MI 60.8 #208/248 Port St. Lucie, FL 58.2 #199/248 Reading, PA 58.1 #198/248

Healthcare and Social Assistance in States Bordering North Dakota

State-level entry risk for healthcare and social assistance in adjacent states. Use this to weigh cross-border options.

Minnesota 31.0 #9/51 South Dakota 31.4 #11/51 Montana 33.0 #13/51

Browse Healthcare and Social Assistance in Other States

State-level entry risk reports for healthcare and social assistance across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Fargo's healthcare and social assistance sector, the wage competitiveness component (77.0) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Fargo, ND-MN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment