Cost of Living in Minot, ND
Population: 47,922 • 2026 Data
$77,431
Median Household Income
+0% vs national
$928
Median Monthly Rent
-31% vs national
$254,400
Median Home Value
-25% vs national
3.1%
Unemployment Rate
Housing in Minot
The median home value in Minot, ND is $254,400. Monthly rent for a typical unit averages $928, while total monthly housing costs (including utilities and insurance) average $1,037.
Rent-to-income ratio: 14.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Minot, ND is $77,431. The unemployment rate stands at 3.1%, with a labor force of 28,283 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.