Minot, ND Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
Minot's Overall Cost Of Living
Higher Than The National Average
11 out of 14
In North Dakota
3,585 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Minot is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Minot, ND?

According to the most recent data on the cost of living, Minot has an overall cost of living index of 104 which is 1.0x higher than the national index of 100.

Compared to only North Dakota, Minot has a cost of living index that's 1.1x higher than North Dakota's index of 97.

The standard of living in Minot ranks as #3,586 most affordable out of the 6,418 places we measured in North Dakota. By definition, that implies Minot ranks as the #2,833 most expensive place in the Peace Garden State.

For more reading on life in Minot, check out:

Minot Cost Of Living Vs. North Dakota

Living Expense Minot North Dakota National Average
Overall 104 97 100
Services 101 98 100
Groceries 102 105 100
Health 117 113 100
Housing 104 84 100
Transportation 105 104 100
Utilities 91 92 100
For more reading on cost of living around North Dakota, check out:
Minot Cost of Living Vs. ND

Minot, ND Housing Cost Breakdown

Housing swings affordability the most between places in North Dakota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Minot North Dakota United States
Median Home Value $211,000 $199,900 $229,800
Median Rent $882 $828 $1,096
Median Income $64,401 $65,315 $64,994
Home Value To Income 3.3x 3.1x 3.5x
Rent To Monthly Income 0.16x 0.15x 0.2x

Detailed Minot Services Costs Vs. North Dakota

Item Minot North Dakota
Shampoo $1.19 $1.06
Movie $9.73 $10.68
Bowling $15.0 $14.67

Detailed Minot Groceries Costs Vs. North Dakota

Item Minot North Dakota
Ground Beef $4.09 $4.22
Fried Chicken $1.85 $1.39
Milk $2.33 $2.05

Detailed Minot Health Costs Vs. North Dakota

Item Minot North Dakota
Haircut $19.28 $18.62
Beauty Salon $40.26 $39.05
Toothpaste $2.32 $2.34

Detailed Minot Transportation Costs Vs. North Dakota

Item Minot North Dakota
Potatoes $3.24 $3.29
Pizza $10.99 $10.62
Beer $10.36 $9.38
Optometrist $130.44 $108.57
Doctor $168.02 $116.17
Dentist $99.4 $99.13

Detailed Minot Utilities Costs Vs. North Dakota

Item Minot North Dakota
Gasoline $2.24 $2.22
Tire Balancing $57.24 $50.07
All Electricity $131.33 $167.67
Phone $187.57 $175.64

Minot SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around Minot

City Population Cost Of Living Vs. Minot
Minot AFB, ND 5,974 113 1.1x

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