Cost of Living in Minot, ND
2024 data from the Bureau of Economic Analysis
Cost Index
87.0
13.0% below avg
Housing Index
63.2
Median Income
$78,112
Median Rent
$999/mo
Cost Breakdown
Overall87.0 (-13.0%)
Housing63.2 (-36.8%)
Goods95.7 (-4.3%)
Utilities72.9 (-27.1%)
Other Services91.2 (-8.8%)
National average = 100
Income & Housing
Median Household Income
$78,112/year
Median Home Value
$238,100
Median Monthly Rent
$999/mo
Per Capita Income
$40,728/year
Compare Minot, ND With
Frequently Asked Questions
Is Minot, ND expensive to live in?
Minot, ND has a cost of living index of 87.0, which is 13.0% below the national average.
How much does housing cost in Minot, ND?
Housing costs in Minot, ND are indexed at 63.2 compared to the national average of 100. The median monthly rent is $999.
What is the average income in Minot, ND?
The median household income in Minot, ND is $78,112 per year.
What is the average home price in Minot, ND?
The median home value in Minot, ND is $238,100.