Executive Financial Report: Nome (58062)
Evaluating relocation options in Barnes? The financial benchmark for residing in Nome, ND (58062) indicates that a single worker needs roughly $2,899 monthly ($34,785.146 annually) to maintain an adequate standard of living.
With typical rent and housing utilities averaging an affordable $571 per month—just 20% of baseline expenses—Nome offers exceptionally competitive housing costs compared to wider metropolitan averages across North Dakota.
Local earnings in Nome (58062) demonstrate strong purchasing power. The area median family income of $88,272 significantly exceeds the annual baseline living threshold ($34,785.146) by a ratio of 2.54x. 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 $284 per month in Nome. Direct tax liabilities consume an estimated $391 monthly (13% of total baseline expenses). Factoring local tax structures into annual compensation planning is highly recommended.
Overall, Nome (58062) presents a distinct economic profile within Barnes. 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.