Zip 58707 (Minot, ND) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Minot, North Dakota?
$4,230 / month
for a family, 21.7% less expensive than the national average A total of $50,760 for the year for a family.
$2,600 / month
for a single person, 45.5% less expensive than the national average A total of $31,200 for the year for a single person.

Minot cost of living score
85.1
Less expensive
14.9% lower
than the US average
4.0% lower
than the North Dakota average
Minot (zip 58707), North Dakota gets a BestPlaces Cost of Living score of 85.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.9% lower than the U.S. average and 4.0% higher than the average for North Dakota.

Zip 58707 (Minot, ND)

Housing costs in Minot?
A typical home costs $265,000, which is 21.6% less expensive than the national average of $338,100 and 10.1% more expensive than the average North Dakota home, at $240,700. Renting a two-bedroom unit in Minot costs $1,030 per month, which is 12.0% more than the national average of $920 and 3.9% more than the state average of $990.

Can I afford Minot?
To live comfortably in Minot (zip 58707), North Dakota, a minimum annual income of $50,760 for a family, and $31,200 for a single person is recommended.

What does A.I. say about Minot?
The cost of living in 58707 Minot, ND is quite reasonable. According to Bestplaces.net the median home price in the area is $171,300 making it much more affordable than most areas around the country. Additionally, the cost of groceries and other basic household expenses are relatively low compared with other parts of the nation. All these factors combine to make Minot a great place for those looking for an affordable place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMinotNorth DakotaUnited States
    Unlock88.6100.0
  100.8  Unlock100.0
    Unlock103.4100.0
  87.6  Unlock100.0
    Unlock$240,700$338,100
  87.2  Unlock100.0
    Unlock74.4100.0
  101.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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