Zip 58704 (Minot AFB, ND) Economy


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58704 Minot AFB, ND is a great place to live with a low cost of living. The average two bedroom rent in the area is $1,010 which is significantly lower than the US average of $1,430. Additionally, the area has a grocery cost index of 104 versus 100 in the US, making food costs relatively cheaper as well. There are many local companies such as Badlands Digital Media, Hotline Communications LLC, and SRT Communications that offer job opportunities to residents in Minot AFB. With its low cost of living and variety of job options, Minot AFB offers an ideal lifestyle for those looking for an affordable city to call home.

Minot AFB (zip 58704) has an unemployment rate of 6.0%. The US average is 6.0%.

Minot AFB (zip 58704) 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 11.1%, which is lower than the US average of 33.5%.

Tax Rates for Minot AFB (zip 58704)
- The Sales Tax Rate for Minot AFB (zip 58704) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Minot AFB (zip 58704) 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 AFB (zip 58704)
- The average income of a Minot AFB (zip 58704) resident is $15,997 a year. The US average is $28,555 a year.
- The Median household income of a Minot AFB (zip 58704) resident is $72,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMinot AFB, North DakotaUnited States
  66
  -3.9%-6.2%
  11.1%33.5%
  5.5%6.2%
  2.0%4.6%
  $25,444$37,638
  $72,500$69,021
  $77,596$85,028
  Population by Occupation
  0.6%1.2%
  6.8%0.5%
  1.0%6.8%
  1.1%10.0%
  0.0%2.5%
  17.5%11.0%
  7.2%4.8%
  0.0%0.8%
  0.0%1.9%
  3.5%4.7%
  2.7%1.9%
  1.1%7.6%
  0.0%0.1%
  1.9%4.2%
  3.6%9.3%
  28.2%14.0%
  1.3%2.1%
  4.9%7.0%
  1.8%4.8%
  16.6%4.7%
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