to the top of the page

Cost of Living

  Home  »  Live & Work »  

Cost of Living

 
Minot’s cost of living measured just under the national average for the first quarter of 2021.  The U.S. Average Composite Index is 100%.  The cost of living index is published by the Council for Community and Economic Research (C2ER).  The C2ER Cost of Living Index measures differences between areas in the cost of consumer goods and services, excluding taxes and non-consumer expenditures.  It is based on 100,000 data points, for which prices are collected quarterly by the Minot Area Chamber EDC and 288 other 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.
 
          2021 Q1                 2020 Q1             2019 Q1                2018 Q1       
100% Composite Index                 99.5           102.9            107.9           101.7
Grocery Items       107.9           111.3            117.1           110.8
Housing         88.9            94.1            104.7             94.3
Utilities          89.2            87.5             89.9             91.1
Transportation       109.4           106.3           115.9            115.4
Healthcare       114.3           115.3           113.5            113.1


(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)