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Metro · Density Score

Fargo, ND-MN

Metro area in North Dakota and Minnesota

35 Combined score #71 of 109 metros
Economic
49 #54 of 109
Innovation (Startup & VC)
25 #77 of 109

Fargo ranks #71 overall, #77 in Startup & VC and #54 in Economy among 109 U.S. metros.

Highlights

  • #14 of 109: 2.5 early-stage rounds per year per 100k people
  • #19 of 109: 322 STEM degrees per 100k people
  • #35 of 103: 36 patents per 100k people

The inputs

Ranks are among the metros with data for each input; higher is better.

Venture capital per year, per 100k people
$10M #43 of 109
Early-stage rounds per year, per 100k people
2.5 #14 of 109
Series B+ rounds per year, per 100k people
0.13 #38 of 109
Startup exits per year, per 100k people
0 #81 of 102
GDP per person
$82K #57 of 109
Patents per 100k people
36 #35 of 103
STEM degrees per 100k people
322 #19 of 109
Tech share of jobs
2.3% #72 of 109
Net migration of 25–44 year olds, per 100k people
-455 #100 of 109

Top companies

The largest companies headquartered in this metro, by latest annual revenue.

  1. Titan Machinery Inc. TITN · Consumer Discretionary · West Fargo $2.4B
  2. NI Holdings Inc. NODK · Financials · Fargo $285M

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

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