Minot, ND Overview Minot is best known for the air force base located just north of the city, but it's much more than ...
Minot, ND Overview
Minot is best known for the air force base located just north of the city, but it's much more than a military center. The downtown area has a charming vintage feel, with antique shops, boutique stores, fine dining restaurants, and friendly pubs. Its parks are often full of families at play.
It's more expensive to live in Minot than in many American cities, thanks to a cost of living that's 10.3 percent higher than the United States average. The average home in Minot costs $220,100. Property prices are climbing rapidly, with appreciation in the last year sitting at 11.3 percent.
Minot, ND Job Opportunities
The Minot Air Force Base located 13 miles north is the backbone of Minot's economy. It's home to two major military wings: the Global Strike Command's 5th Bomb Wing and 91st Missile Wing. Minot Air Force Base employs more than 6,700 people, more than three times as many as Minot's second-largest employer, Trinity Health.
While it doesn't employ as many people as the air force base, Trinity Health's workforce of more than 2,000 is impressive. These healthcare professionals are spread over two acute care hospitals, a 292-bed retirement facility, several clinics, and Trinity Health's CancerCare Center. Physicians, RNs, CNAs, and administrators are all in demand at this healthcare hub.
Minot, ND Employment Trends
Minot has one of the lowest unemployment rates in the country at just 2.7 percent. That's 3.6 percent less than the national average. Despite already low unemployment levels, Minot's economy is still improving. Jobs in Minot have increased by 1.67 percent in the last 12 months.
While many local workers are well compensated, there is a pay gap between the rich and poor. Roughly 30 percent of local residents work at least two jobs, and two-thirds of local households earn less than the national average.