Housing costs in Minot?
A typical home costs
$241,000, which is 28.7% less expensive than the national average of
$338,100 and 0.1% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Minot costs
$610 per month, which is 33.7% cheaper than the national average of
$920 and 62.3% cheaper than the state average of
$990.
Can I afford Minot?
To live comfortably in Minot (zip 58701), North Dakota, a minimum annual income of
$46,080 for a family, and
$18,400 for a single person is recommended.
What does A.I. say about Minot?
The cost of living in 58701 Minot, ND is quite low compared to many other locations. The overall cost of living index in Minot is about 85.9, which is 15.1 percent lower than the national average. Housing costs are particularly low in Minot, with the median home value being around $157,000 and the median rent being around $750 per month. Additionally, groceries, utilities, and transportation costs are generally below average for the US as a whole. This makes 58701 an attractive option for those looking for a place to live that offers good value for money.