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Facts and Figures

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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 (2020)
North Dakota                              $52,450
United States                              $56,310



Assessed Value Residential Homes (2020)

$225,000
$275,000
$325,000



Taxation
State Sales Tax                  5%
City Sales Tax                    2%
Ward County Sales Tax   0.05%
Lodging Tax                       3%
State Income Tax               2.1% - 5.54%
There are five rates applied to the Federal Taxable Income.

Population

(Source: Job Service North Dakota, U.S. Census Bureau)
 
Location 2019 (CENS) 2012 2010
Minot 47,382 43,966 40,888
Ward County 67,641 65,534 62,675
North Dakota 762,062 702,265 674,591

 

Workforce

(Source: Job Service North Dakota)
 
  June-2021 2020 Annual 2019 Annual 2018 Annual
Minot Labor Force (Ward County) 32,022 36,160 31,138 31,015
Minot Unemployment (Ward County) 5.1% 5.9% 2.3% 2.7%
U.S. Unemployment July-21: 5.4% 8.1% 3.7% 3.9%

 

City Sales Tax Collections

(Source: State Treasurer's Office)
 
  2021 YTD 2020 Annual 2019 Annual 2018 Annual
Minot $12,733,536.06 $21,151,160 $21,687,096 $20,739,781

 

Taxable Sales & Purchases

(Source: State Tax Commissioner's Office)
 
  2021 Q1 2020 Annual 2019 Annual 2018 Annual
Minot $231,633,719 $1,012,703,028 $1,095,166,213 $1,050,009,554
Ward County $240,314,657 $1,056,441,069 $1,152,499,232 $1,107,206,167

 

Building Permits & Valuation (Year to Date)

(Source: City of Minot)
 
  July-21 2020 Annual 2019 Annual 2018 Annual
Total Units 61 130 71 70
Single Family Homes 58 82 67 68
Multi-Family Units (Apts., etc.) 3 48 4 2
Residential Valuation $22,672,201 $26,058,296 $12,468,700 $12,003,184
Commercial Valuation $197,601,386 $22,371,150 $22,884,900 $202,210,300
Total Valuation $220,273,587 $48,429,446 $35,353,600 $214,213,484

 

Cost of Living

(Source: C2ER)
 
  2021 Q1 2020 Annual 2019 Annual 2018 Annual
100% Composite Index 99.5 99.7 104.8 102.2
Grocery Items 107.9 107.6 115.2 108.8
Housing 88.9 89.3 99.4 98.3
Utilities 89.2 88.3 88.5 89
Transportation 109.4 109 113.7 115.3
Healthcare 114.3 114.5 115.3 113.2

 

Top Employers

(Source: MACEDC & the City of Minot - updated Annually in March)
 
  Number of Full Time Employees
1. Minot Air Force Base 6,803
2. Trinity Health 2,885
3. Minot Public Schools 1,057
4. City of Minot 416
5. Minot State University 387
6. BNSF Railway 360
7. Marketplace Foods 313
8. Ward County 283
9. Kalix (MVAW) 277
10. Ryan Family Dealerships - Minot 204