States › North Dakota › Minot

Is Minot, ND expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,18732% lower than U.S. average
💵 Families earn per year (2026)$78,967about $6,581/month · 9% lower than U.S. average
🔑 House price$257,10023% lower than U.S. average

Minot is the 4th-largest city in North Dakota that we track, with 47,791 residents. Rent is lower than in 77% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are short, about 19.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $47,480 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other North Dakota cities?

No. Rent here is more expensive than in most of North Dakota. It is number 9 of 13 cities from cheapest to most expensive.

Minot
$1,187
$1,115
$1,204
$1,096

How much do households earn in Minot?

Under $25k
14.2%
$25k–50k
20.8%
$50k–100k
34.7%
$100k–150k
16.4%
$150k+
9.3%

Share of households by yearly income. 25.7% of households earn $100,000 or more.

Rent by apartment size in Minot

SizeMinotU.S. average
Studio$712$1,338
1 bedroom$771$1,324
2 bedrooms$1,046$1,509
3 bedrooms$1,501$1,698
4 bedrooms$1,514$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Minot overall?

Everyday prices in the Minot metro area are 13% below the U.S. average (index 87.0, U.S. = 100).

Housing
63
Goods (food, clothes…)
96
Utilities
73
Other services
91
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Minot

🏛️ Property tax$3,054a year · 1.19% of home value · U.S. $3,119
⚡ Electric bill$98a month (typical) · U.S. $156

Life in Minot

Commute to work19.7 minU.S.: 26.4 min
College degree29.7%U.S.: 35.7%
Own their home56.7%U.S.: 65.2%
Below poverty line11.1%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

What jobs pay in Minot

JobMedian payRent / pay
Physician Assistant$134,09010.6%
Nurse Practitioner$130,82010.9%
Lawyer$114,18012.5%
Software Developer$108,47013.1%
Civil Engineer$99,46014.3%
Operations Manager$93,12015.3%
Dental Hygienist$89,80015.9%
Registered Nurse$80,49017.7%
Accountant$73,51019.4%
HVAC Technician$63,95022.3%
Plumber$62,40022.8%
Elementary School Teacher$61,35023.2%
Market Research Analyst$61,31023.2%
Licensed Practical Nurse$61,11023.3%
Truck Driver$61,03023.3%
Police Officer$60,21023.7%
Electrician$59,80023.8%
Carpenter$58,95024.2%
Firefighter$49,06029.0%
Warehouse Worker$44,56032.0%
Customer Service Representative$44,56032.0%
Medical Assistant$43,37032.8%
Nursing Assistant$36,50039.0%
Restaurant Cook$36,39039.1%
Retail Salesperson$35,29040.4%
Server (Waiter/Waitress)$30,93046.1%
Cashier$30,57046.6%

Is it cheaper to rent or buy in Minot?

Renting is cheaper right now: about $597 a month less.

Renting
$1,187
Owning
$1,784

Owning assumes a typical $257,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,710 for the down payment.

Frequently asked questions

What is the average rent in Minot, ND?

Renting in Minot costs a median of about $1,187 a month in 2026, including utilities. The North Dakota median is $1,115.

How much do I need to make to live in Minot?

To keep rent under 30% of income, you need about $47,480 a year, or $23 an hour at a full-time job.

Is Minot cheap or expensive?

Minot is rated Cheap: rent takes 18.0% of the typical household income of $78,967. It ranks 9th cheapest of 13 North Dakota cities we track.

How much are property taxes in Minot?

The median homeowner in Minot pays $3,054 a year in property taxes, about 1.19% of the median home value.

Is Minot more expensive than the national average?

Overall prices in the metro area are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Minot?

The median home value in Minot is $257,100, about 3.3 times the typical yearly household income.

47,791 people live in Minot. Numbers are typical (middle) values.