Cathay, ND is a small town located in the state of North Dakota that offers its residents an enjoyable living experience. Rent for two bedroom apartments is significantly lower than the national average, making it an affordable place to live. The town is home to several local businesses that provide goods and services to residents including banks, restaurants, grocery stores, gas stations, and much more. Additionally, Cathay offers several amenities such as parks, trails, playgrounds and athletic fields. There are also a variety of community events hosted throughout the year such as holidays celebrations and farmers markets.
Cathay has an unemployment rate of 5.5%. The US average is 6.0%.
Cathay has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.
Tax Rates for Cathay
- The Sales Tax Rate for Cathay is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cathay is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cathay
- The average income of a Cathay resident is $15,450 a year. The US average is $28,555 a year.
- The Median household income of a Cathay resident is $32,813 a year. The US average is $69,021 a year.