Minot’s cost of living is 9.3% under the national average for the 3rd quarter of 2024. (U.S. Average Composite Index = 100%) The cost of living index is published by the American Chamber of Commerce Researchers Association (ACCRA). The ACCRA Cost of Living Index measures differences between areas in the cost of consumer goods and services, excluding tax-es and non-consumer expenditures. It is based on 100,000 data points, for which prices are col-lected quarterly by the Minot Area Chamber EDC and 288 other urban areas across the nation.
This is a snapshot in time and does not indicate a change from a prior quarter, nor can it be compared to a prior quarter.
| |
Minot,
ND |
Bismarck/Mandan,
ND Metro |
Grand Forks,
ND-MN Metro |
Fargo, ND-
Moorhead,
MN Metro |
Pierre,
SD |
| 100% Composite Index |
90.7 |
89.2 |
91.1 |
97.5 |
90.3 |
| Grocery Items |
94.8 |
98.9 |
91.5 |
99.2 |
97.3 |
| Housing |
73.9 |
72.5 |
85.3 |
87.3 |
91.8 |
| Utilities |
83.7 |
83.6 |
79.4 |
78.0 |
79.1 |
| Transportation |
103.6 |
103.2 |
97.0 |
97.1 |
92.9 |
| Healthcare |
103.0 |
104.6 |
92.5 |
122.6 |
103.5 |
| Misc. Goods |
99.1 |
93.7 |
96.7 |
107.2 |
86.2 |
(Source: C2ER)
Sample Wages for our area
Sample Wages 2020
Occupational Employment and Wage Rates (OES) for Annual Mean Wage. (Labor Market Information Center)
Assessed Value
Residential Homes 2020 Annual Tax
$175,000 $2,617
$225,000 $3,365
$275,000 $4,112
(Estimates are for Minot Public School District Zone)