Facts and Figures
Trade Area
Minot is in the center of a trade area with a population of over half a million. It includes parts of North Dakota, Minnesota, and the Canadian border provinces of Manitoba and Saskatchewan.
Average Mean Wage
North Dakota $48,830 (2023)
United States $59,228 (Q1 2024)
Assessed Value Residential Homes (2020)
$225,000
$275,000
$325,000
Taxation
State Sales Tax 5%
City Sales Tax 7.5%
Ward County Sales Tax 0.05%
Lodging Tax 3%
State Income Tax 1.1% - 2.9%
There are five rates applied to the Federal Taxable Income.
Population
(Source: Job Service North Dakota, U.S. Census Bureau)
| Location |
2020 (CENS) |
2012 |
2010 |
| Minot |
48,377 |
43,966 |
40,888 |
| Ward County |
69,919 |
65,534 |
62,675 |
| North Dakota |
779,094 |
702,265 |
674,591 |
Workforce
(Source: Job Service North Dakota and U.S. Bureau of Labor Statistics)
| |
Apr-24 |
2023 Annual |
2019 Annual |
| Ward County Labor Force |
32,467 |
32,330 |
31,138 |
| Ward County Unemployment |
2.5% |
2.3% |
2.3% |
| U.S. Unemployment |
May-24: 4% |
3.6% |
3.7% |
City Sales Tax Collections
(Source: State Treasurer's Office)
| |
2024 YTD |
2023 Annual |
2022 Annual |
2021 Annual |
| Minot |
$10,693,740 |
$26,963,024 |
$25,304,632 |
$23,143,940 |
Taxable Sales & Purchases
(Source: State Tax Commissioner's Office)
| |
2024 Q1 |
2023 Annual |
2022 Annual |
| Minot |
$279,184,562 |
$1,330,995,435 |
$1,220,394,396 |
| Ward County |
$307,254,959 |
$1,487,424,305 |
$1,346,795,395 |
Building Permits & Valuation (Year to Date)
(Source: City of Minot)
| |
May-24 YTD |
2023 Annual |
| Total Units |
40 |
56 |
| Single Family Homes |
30 |
42 |
| Multi-Family Units (Apts., etc.) |
10 |
14 |
| Residential Valuation |
$8,406,591 |
$33,625,400 |
| Commercial Valuation |
$25,317,486 |
$145,075,943 |
| Total Valuation |
$33,724,077 |
$178,701,343 |
Top Employers
(Source: MACEDC & the City of Minot - updated Annually in March)
| |
Number of Full Time Employees |
| 1. Minot Air Force Base |
11,710 |
| 2. Trinity Health |
2,566 |
| 3. Minot Public Schools |
1,027 |
| 4. Delta Vacations |
467 |
| 5. City of Minot |
424 |
| 6. Minot State University |
407 |
| 7. BNSF Railway |
330 |
| 8. Hess |
301 |
| 9. Kalix |
258 |
| 10. Ward County |
266 |