What salary do you need to live in Minot, ND?

What housing costs in Minot

A one-bedroom in Minot rents for a median of $696 a month, utilities the tenant pays included; a two-bedroom goes for $971 and a three-bedroom for $1,354. Over a full year, the two-bedroom median comes to $11,652.

The median value of owner-occupied homes in the metro is $254,000. That is only 3.2× the area's median household income of $78,200, a low ratio by national standards.

BEA's Regional Price Parity for the metro is 87.0, where 100 is the US average. In plain terms, the full basket of goods, services and housing costs 13.0% less than average, so $100,000 here buys roughly what $114,906 would at average US prices.

Income needed for each grade in Minot

For two bedrooms, $103,000 is where Minot turns Comfortable. Below that, $51,000 marks the start of Okay and $26,000 the start of Tight; under $26,000 the score reads Stretched. Rent at the Comfortable line is 11% of gross pay.

Reaching Royal takes $242,000 — 2.3× the Comfortable line — because the last points come slowly once rent is already a small share.

How they were found: the same scoring function the calculator runs was evaluated at rising incomes until each cutoff was crossed, and the crossing rounded up to a whole $1,000.

Minot at four common salaries

On $75,000, a one-bedroom scores 61 and a three-bedroom 51, both Okay; the extra bedrooms cost points but not a grade.

Read down the two-bedroom column and the first Comfortable row is $150,000, consistent with the $103,000 line above.

Where Minot falls nationally

On price level Minot is 354th of 387 (1 = most expensive); on two-bedroom rent it is 321st, and on median home value 200th. Rent and overall prices don't line up exactly, with prices among the least expensive tenth and rent in the bottom quarter.

Wichita Falls, TX ($972) and Great Falls, MT ($967) bracket Minot on two-bedroom rent.

Minot in a North Dakota context

Statewide, North Dakota's median two-bedroom rent is $950 and its median home value $249,900. Minot's rent is +2% against that, and its home value +2%; the price parity is 87.0 versus 89.0 for the state.

On statewide medians, a two-bedroom budget reaches Comfortable at $105,000 — above Minot's $103,000 line.

Looking for somewhere comparable without leaving North Dakota? Grand Forks, ND-MN, Fargo, ND-MN, and Bismarck, ND have the closest mix of rent and overall prices.

The median Minot household

What about a typical local household? Census puts median household income here at $78,200, which grades Okay (57) for a two-bedroom at the median rent. Put differently, Minot's typical household is $24,800 below the $103,000 it takes to read Comfortable on two bedrooms. For North Dakota as a whole, the median household income of $76,657 scores 56 against statewide rents. Keep in mind a household median often combines two incomes.

Treat every number here as a pre-tax, public-data estimate rather than financial advice.