Cathay, ND (58422) is a small town in North Dakota with a population of just over 300 people. The town is known for its low cost of living, with the average 2 bedroom rent being only $980 compared to the national average of $1,430. Additionally, grocery costs are also lower in Cathay than the US average, coming in at an index of 93 versus 100. This makes it a great place to live for those looking for an affordable lifestyle. As far as local businesses go, there are several small companies based in Cathay that offer various services and products such as hardware stores, auto repair shops, and hair salons. Other notable establishments include a café and bakery as well as a few antique stores.
Cathay (zip 58422) has an unemployment rate of 5.5%. The US average is 6.0%.
Cathay (zip 58422) has seen the job market decrease by -0.1% 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 (zip 58422)
- The Sales Tax Rate for Cathay (zip 58422) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Cathay (zip 58422) 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 (zip 58422)
- The average income of a Cathay (zip 58422) resident is $82,099 a year. The US average is $37,638 a year.
- The Median household income of a Cathay (zip 58422) resident is $88,750 a year. The US average is $69,021 a year.