Executive Financial Report: Cathay (58422)
Evaluating relocation options in Wells? The financial benchmark for residing in Cathay, ND (58422) indicates that a single worker needs roughly $3,051 monthly ($36,614.203 annually) to maintain an adequate standard of living.
With typical rent and housing utilities averaging an affordable $629 per month—just 21% of baseline expenses—Cathay offers exceptionally competitive housing costs compared to wider metropolitan averages across North Dakota.
Local earnings in Cathay (58422) demonstrate strong purchasing power. The area median family income of $79,356 significantly exceeds the annual baseline living threshold ($36,614.203) by a ratio of 2.17x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
On the expenditure side, groceries and essential nutrition require approximately $281 per month in Cathay. Direct tax liabilities consume an estimated $418 monthly (14% of total baseline expenses). Factoring local tax structures into annual compensation planning is highly recommended.
Overall, Cathay (58422) presents a distinct economic profile within Wells. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.