Cost of living in Minot
Minot, located in North Dakota, is a city known for its vibrant community and economic opportunities. Understanding the cost of living in Minot is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of various expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $16 on average, with a range between $10 and $22.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $75, with prices ranging from $65 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12.5, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $7, imported beer is $7, cappuccino $6 to $9, and Coke/Pepsi $2.19 to $3.5.
Grocery Prices
- Milk - Milk is priced between $1.02 and $1.06 per liter, averaging $1.04.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3 and $3.31, with an average price of $3.16.
- Eggs (Dozen) - A dozen eggs range from $4 to $6, averaging $5.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.41 per kg, while oranges range from $2.2 to $4.41 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.2 and $4.41 per kg, and lettuce costs $2 to $4 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.75 and $0.92 per liter, averaging $0.88.
- Car Purchase (e.g., Volkswagen Golf, Toyota Corolla) - A new Volkswagen Golf costs around $30,530, while a Toyota Corolla is approximately $21,700.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $850 to $1000, averaging $923.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $550 to $750, averaging $650.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1500 to $2100, averaging $1800.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1200.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $1302 to $1883.68, averaging $1592.84.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $1592.84.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $153.95 and $260, averaging $206.98.
- Internet - Internet services range from $50 to $100, with an average cost of $76.67.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Minot offers a relatively affordable cost of living compared to larger urban areas, with moderate housing and utility costs.
Dining out can be economical, especially at casual restaurants, while grocery prices remain competitive.
Transportation costs are manageable, with affordable fuel prices and reasonable car purchase options.
Conclusion
Overall, Minot presents a balanced cost of living, making it an attractive option for individuals and families seeking a community with economic opportunities and a reasonable expense profile.
Whether you're planning to move or already reside in Minot, understanding these costs can help you budget effectively and enjoy what the city has to offer.