The $100,000 Salary Analysis for Minot, ND

This guide strips away the marketing hype and focuses on the math. $100,000 is a benchmark salary, but in Minot, your purchasing power depends entirely on taxes and local costs. We use 2024 tax estimates and Q1 2024 rent data.

1. The Verification Test: Gross to Net

Your paycheck is not $100,000. It is significantly less.

• Gross Salary: $100,000
• Federal Tax (Est. Single Filer Std Deduction): -$13,780
• FICA (Social Security 6.2% + Medicare 1.45%): -$7,650
• North Dakota State Income Tax: -$2,820
  • *Note: ND has a progressive tax structure. On a $100k salary, you effectively pay roughly 2.82%. This is lower than many high-tax states but higher than states like TX or FL.*
• Estimated Net Annual Pay: $75,750
• Estimated Monthly Net Pay: $6,312

2. Smart Budget (50/30/20 Rule)

Using your monthly net of $6,312, here is how the standard budget breakdown looks in Minot.

Needs (50%): $3,156

• Rent (1BR Market Average): $900 - $1,100
  • Note: Minot rent is historically volatile due to oil boom/bust cycles. Current averages are stable but rising.
• Utilities (Electric/Heat/Internet): $250 - $350
  • Note: North Dakota heating costs are significant in winter.
• Groceries: $400
• Car Payment/Gas: $600
• Remaining Buffer: ~$1,000

Wants (30%): $1,893

• Dining out, entertainment, subscriptions, hobbies.
• Reality Check: You have $1,893 for fun. This is a healthy amount for Minot, assuming you do not have high debt.

Savings (20%): $1,262

• Emergency fund, retirement contributions, investments.

3. Minot Tax Context

North Dakota is a "middle-of-the-road" tax state. It is not a tax haven, but it is not a financial drain like California or New York.

• Vs. Texas/Florida (No State Tax): In a no-tax state, your Net Pay would be roughly $78,570 (+$2,820 vs Minot).
• Vs. California (High Tax): On $100k in CA, you would pay approx $6,500 in state tax. Your Net Pay would be roughly $72,000 (-$3,750 vs Minot).
• The Verdict: ND taxes are moderate. The "savings" compared to high-tax states are real but modest.

4. FAQ

"Is $100k good here?"
Yes. $100k puts you well above the median household income for Minot. You will live comfortably. However, your purchasing power is capped by the local housing market and the high cost of goods/services (which are often higher than the US average due to logistics).

"Local income tax?"
No. Minot does not levy a local city income tax. Your tax burden is strictly Federal and North Dakota State.