Minot, ND is a great place to live and work. The cost of living is low, with the average two-bedroom rent being $620 compared to $1,430 in the US. Additionally, the grocery cost index in Minot is 101 versus 100 in the US. There are plenty of local companies that call Minot home such as MDU Resources Group, CoreComm, Heartland Motors and MBI Energy Services. With a low cost of living and plenty of local businesses to work for, Minot is an ideal place to live and find a job.
Minot has an unemployment rate of 5.9%. The US average is 6.0%.
Minot has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 11.5%, which is lower than the US average of 33.5%.
Tax Rates for Minot
- The Sales Tax Rate for Minot is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Minot is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Minot
- The average income of a Minot resident is $29,957 a year. The US average is $28,555 a year.
- The Median household income of a Minot resident is $68,543 a year. The US average is $69,021 a year.