Can you afford to live in Minot?
Median household income, home values and rent in Minot, ND — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.
U.S. Census Bureau, American Community Survey 5-year estimates.
This story was assembled using AI and public data sources.
What it costs to live in Minot.
Median household income: $77,431 — +27.5% since 2015 (not adjusted for inflation)
Median gross rent: $928/mo — +7.9% since 2015
Median home value, 2015 to 2023
- 2015: 184100
- 2023: 254400
Median household income
- Minot: 77431
- Ward County: 79273
- ND: 75949
- U.S.: 78538
Median gross rent
- Minot: 928
- Ward County: 1000
- ND: 934
- U.S.: 1348
Share of income a typical renter spends on rent: 23.1% — U.S.: 30.2%
What it means
Households here earn about what households nationally earn ($77,431 versus $78,538).
The typical renter here spends 23.1% of household income on rent, below the 30% cost-burden line.
Since 2015, income has kept pace with rent here (+27.5% versus +7.9%), before adjusting for inflation.
Sources
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates — Population, income, housing, education, commuting and poverty figures
- Census Bureau API — ACS Detailed Tables — The endpoint these pages are generated from
- data.census.gov — Look up the same tables for any place yourself
- ACS accuracy statement — Estimates carry margins of error; small places vary the most
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