Housing costs in Minot?
A typical home costs
$229,800, which is 32.0% less expensive than the national average of
$338,100 and 4.5% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Minot costs
$580 per month, which is 37.0% cheaper than the national average of
$920 and 70.7% cheaper than the state average of
$990.
Can I afford Minot?
To live comfortably in Minot (zip 58703), North Dakota, a minimum annual income of
$43,920 for a family, and
$17,600 for a single person is recommended.
What does A.I. say about Minot?
The cost of living in 58703 Minot, ND is fairly low compared to some other areas in the US. According to Best Places, the cost of living index for the area is 81.5, which is 19.5 points lower than the US average of 100. Housing prices are especially affordable in this area; the median home value is only $165,300 compared to $231,200 for the rest of the US. Other costs such as groceries and utilities are also below the national average. With these factors taken into account, it's easy to see why many people find 58703 Minot, ND a great place to live and work.