Cost of Living in Minot, ND
| Cost of Living in Minot, ND | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 3% lower | 26% lower |
| Utilities (Monthly) | 1% lower | 17% lower |
| Food | 5% lower | 8% lower |
| Healthcare | 17% higher | 11% higher |
| Transportation | 6% higher | 2% higher |
| Goods & Services | 1% lower | 1% lower |
The cost of living in Minot, ND is 1% lower than the state average and 10% lower than the national average. Minot, ND housing is 26% cheaper than the U.S average, while utilities are about 17% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 8% cheaper in Minot, ND than in the rest of the country, while clothing costs around 1% less .
Healthcare services such as doctor check-ups and dentistry cost 11% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 1% cheaper in Minot, ND.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Minot is $1,226, while home prices circle around $386,819.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Minot, energy bills cost around $157.65 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.47 in Minot, a dozen eggs go for around $4.80 and a pound of potatoes circles around $5.65.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Minot, an optometry check-up costs around $160.51, while a dentist appointment is priced $130.11 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.93 in Minot, while getting your tires balanced will run you about $76.67.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $50.83 here. Meanwhile, a pair of women's slacks will set you back around $49.89.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Minot, you should budget around $13.32 a month. When it comes to personal services, a haircut usually goes for $22.22, while dry cleaning costs about $14.00.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Minot, the median household income is $73,219.