Minot, ND
Population 47,922 · North Dakota
About Minot, ND
Minot is a mid-sized city located in North Dakota with a population of 47,922 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,431 per year, which is 3% above the national median of $75,149. The median age of 33.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Minot features a median home value of $254,400, which is 4% above the national median of $244,900. This positions Minot in a moderately priced market relative to the rest of the country. Median monthly rent is $928, 20% below the national average of $1,163/month. Of the 23,790 total housing units, 58% are owner-occupied (12,299 units) and 42% are renter-occupied (8,781 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Minot shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Minot have an average one-way commute time of 18.6 minutes, one of the shorter commutes in the region.
Education & Demographics
29.9% of Minot residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.7% White, 4.0% Hispanic or Latino, 1.2% Black or African American, and 2.1% Asian residents, with 4.8% of the population being foreign-born.
How Minot Ranks in North Dakota
Cost of Living in Minot, ND
Compared to national averages, Minot has a median household income of $77,431 (3% above the national median of $75,149). Home values average $254,400, which is 4% above the national median. Monthly rent at $928 is 20% below the US average of $1,163. Within North Dakota, Minot's income is 7% above the state average of $72,691, and home values are 82% above the state median of $139,496.
Why Live in Minot, ND?
Minot offers a strong local economy with a median household income of $77,431, well above the national average, and rent that’s lower than the national average at $928/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 9.7%, better than the national average, and short commute times averaging just 18.6 minutes.
Minot has a population of 47,922 with a median age of 33.6 years. Compare Minot with other cities to see how it stacks up, or explore all cities in North Dakota.
Similar Cities Near Minot
Cities in North Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Fargo | 39,325 | $96,877 | $302,200 | Compare |
| Grand Forks | 58,882 | $63,838 | $243,300 | Compare |
| Williston | 27,964 | $84,309 | $262,700 | Compare |
| Dickinson | 25,216 | $76,964 | $252,400 | Compare |
| Mandan | 24,293 | $75,966 | $246,300 | Compare |
| Bismarck | 74,146 | $77,608 | $291,400 | Compare |
| Jamestown | 15,774 | $54,809 | $192,500 | Compare |
| Wahpeton | 7,996 | $57,417 | $164,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Minot With Other Cities
Frequently Asked Questions about Minot
What is the population of Minot, ND?
The population of Minot, ND is 47,922 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in North Dakota.
What is the median household income in Minot?
The median household income in Minot, ND is $77,431 per year, which is 3% above the national median of $75,149.
What is the median home value in Minot?
The median home value in Minot, ND is $254,400, which is 4% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Minot?
The median monthly rent in Minot, ND is $928, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Minot?
The unemployment rate in Minot, ND is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Minot, ND a good place to live?
Minot offers above-average incomes, a competitive housing market, and a strong job market. With a population of 47,922 and a median age of 33.6, the city appeals to young professionals and families.
How educated is Minot, ND?
29.9% of residents in Minot aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Minot?
Key cost-of-living indicators for Minot, ND: median home value is $254,400 (4% above national), median rent is $928/month, and median household income is $77,431. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Minot?
The poverty rate in Minot, ND is 9.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Minot, ND?
Minot's population is 3.7% White, 4.0% Hispanic or Latino, 1.2% Black or African American, 2.1% Asian, and 4.7% two or more races. 4.8% of residents are foreign-born.