Minot, North Dakota 58701 is a thriving community with a population of over 43,000. The average 2 bedroom rent in this city is $610 compared to the US average of $1,430, making it an affordable place to live. The grocery cost index for Minot is 101, just one point above the US average. In addition to the low cost of living, Minot offers many attractions and activities. Companies such as Trinity Health Systems, Key Energy Services and Minot State University provide employment opportunities for residents. There are numerous parks and recreational areas where people can enjoy outdoor activities that range from camping and fishing to tennis and skiing. With its excellent schools, universities and businesses as well as its affordability, Minot is a great place to call home.
Minot (zip 58701) has an unemployment rate of 5.9%. The US average is 6.0%.
Minot (zip 58701) has seen the job market decrease by -3.9% 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 (zip 58701)
- The Sales Tax Rate for Minot (zip 58701) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Minot (zip 58701) 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 (zip 58701)
- The average income of a Minot (zip 58701) resident is $38,744 a year. The US average is $37,638 a year.
- The Median household income of a Minot (zip 58701) resident is $68,210 a year. The US average is $69,021 a year.