In a nationwide survey of grocery prices, Minot and Fargo rank among cities with the highest food prices.
However, Minot is on the low end of the high-price list, while Fargo is not far from the low end as well.
The data survey was conducted by personal finance website 24/7 Wall St., and covers 50 metropolitan areas, using the Council for Community and Economic Research’s grocery items index.
The index incorporates government price data for U.S. metro areas and metro area divisions for household expenses on meats, dairy, fruits and vegetables, and more
The survey found the following typical grocery price averages for the Minot area:
- Half gallon of milk: $2.72
- A dozen eggs: $1.43
- A “frozen meal:” $2.98
Overall, this is cheaper than the prices in Fargo-Moorhead for the same grocery items:
- Half gallon of milk: $2.88
- A dozen eggs: $1.64
- A “frozen meal:” $2.92
The data survey also found the median household income for Minot was nearly $63,000, while that in the Fargo-Moorhead area is about $56,000 — both above the national average of $55,000.
The typical consumer in the U.S. spent about $7,700 on food alone last year, more than $500 more than in 2016.
You can read the complete list and review the methodology here.