Cost of Living

Minot’s cost of living is 3.8% lower than the national average for the second quarter of 2022. The U.S. Average Composite Index is 100%. The cost of living index is published by the Council for Community and Economic Research (C2ER). The C2ER Cost of Living Index measures differences between areas in the cost of consumer goods and services, excluding taxes and non-consumer expenditures. It is based on 100,000 data points, for which prices are collected quarterly by the Minot Area Chamber EDC and 288 other areas across the nation. This is a snapshot in time and does not indicate a change from a prior quarter, nor can it be compared to a prior quarter.

	Minot, ND	Bismarck/Mandan, ND Metro	Grand Forks, ND-MN Metro	Minneapolis, MN Metro	Pierre, SD
100% Composite Index	96.2	99.1	94.8	97.3	97.5
Grocery Items	106.1	102.8	97.1	95.6	105.7
Housing	80.7	104.6	91.5	88.5	97.7
Utilities	96.1	92.0	96.2	101.2	94.0
Transportation	105.2	86.9	102.3	101.8	87.8
Healthcare	110.0	113.4	106.1	100.5	100.3
Misc. Goods	102.4	94.5	92.8	104.4	95.7

(Source: C2ER)

Sample Wages for our area

Sample Wages 2020

Occupational Employment and Wage Rates (OES) for Annual Mean Wage. (Labor Market Information Center)

Assessed Value
Residential Homes 2020                        Annual Tax
$175,000                                         $2,617
$225,000                                                                             $3,365
$275,000                                                                             $4,112

(Estimates are for Minot Public School District Zone)