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Minot, ND

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
60
Very Affordable
Median Home Value
$254,400
National: $426,735
Median Rent
$928/mo
National: $1,527/mo
Household Income
$77,431
National: $84,532
Population
47,922
Purchasing Power
153
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
60 / 100
100 = national average
Rent Index
61 / 100
Overall Index
60
Very Affordable

Minot Mortgage Calculator

Pre-filled with the local median home value of $254,400 and North Dakota's property tax rate of 0.98%.

Salary & Purchasing Power

Median household income is $77,431 8% below the national average.

What $77,431 in Minot Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$194,868+152%
Los Angeles, CA$219,388+183%
Indianapolis city (balance), IN$76,140-2%
Oklahoma City, OK$76,140-2%

Property Tax in Minot, ND

Est. Annual Property Tax
$2,493
Monthly Impact
$208
Added to your mortgage
Effective Rate
0.98%
National avg: ~1.00%

North Dakota Tax Overview

Tax TypeNorth DakotaNational Avg
Property Tax Rate0.98%1.00%
Top Income Tax Rate1.95%~5.0%
State Sales Tax7.04%~5.0%

Compare Minot to Another City

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Cost of Living Comparison

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Minot, ND
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Minot, ND: 60
Rent Prices
61
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR