Everything You Need to Know About the City of Minot North Dakota

In 2017, Minot, North Dakota had a population of 48.2k people with a median age of 31.8 and a median household income of $63,133 dollars. Between 2016 and 2017 the population of Minot, ND grew from 47,338 to 48,171, a 1.76 percent increase, and its median household income grew from $62,324 dollars to $63,133 dollars, a 1.3 percent increase.

The population of Minot, ND is 83.8 percent White Alone, 5.04 percent Hispanic or Latino, and 3.76 percent Black or African American Alone. N/A% of the people in Minot, ND speak a non-English language, and 96.6 percent are U.S. citizens.

The largest universities in Minot, ND are Minot State University (740 degrees awarded in 2017) and Headquarters Academy of Hair Design Inc (20 degrees).

The median property value in Minot, ND is $206,600 dollars, and the homeownership rate is 58.6 percent. Most people in Minot, ND commute by Drove Alone, and the average commute time is 18.1 minutes. The average car ownership in Minot, ND is 2 cars per household.


Education in Minot

In 2017, universities in Minot, ND awarded 760 degrees. The student population of Minot, ND is skewed towards women, with 1,282 male students and 1,972 female students.

Most students graduating from Universities in Minot, ND are White (511 and 78.5 percent), followed by Black or African American (43 and 6.61 percent), Hispanic or Latino (34 and 5.22 percent), and Two or More Races (20 and 3.07 percent).

The largest universities in Minot, ND by the number of degrees awarded are Minot State University (740 and 97.4 percent) and Headquarters Academy of Hair Design Inc (20 and 2.63 percent).

The most popular majors in Minot, ND are General Business Administration & Management (86 and 11.3 percent), Registered Nursing (56 and 7.37 percent), and Elementary Education & Teaching (55 and 7.24 percent).

The median tuition costs in Minot, ND is $N/A for private four-year colleges, and $5,400 dollars and $5,400 dollars respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Minot

The economy of Minot, ND employs 26.9k people and Minot has an unemployment rate of 2.8 percent. Minot has seen the job market decreased by -3.4 percent over the last year. Future job growth over the next ten years is predicted to be 11.5 percent, which is lower than the US average of 33.5 percent. The largest industries in Minot, ND are Retail Trade (3,999 people), Educational Services (2,429 people), and Health Care & Social Assistance (3,773 people), and the highest paying industries are Utilities ($88,929 dollars), Mining, Quarrying, & Oil & Gas Extraction ($69,545 dollars), and Agriculture, Forestry, Fishing & Hunting, & Mining ($65,000 dollars).

Households in Minot, ND have a median annual income of $63,133 dollars, which is more than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $62,324 dollars in 2016, which represents a 1.3  percent annual growth.


Tax Rates for Minot

– The Sales Tax Rate for Minot is 7.5 percent.

– The Income Tax Rate for Minot is 2.0 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Minot

– The average earnings of a Minot resident are $29,957 dollars a year.

– The Median household earnings of a Minot resident is $57,248 dollars a year.