Executive Financial Report: Ray (58849)
Planning a relocation to or managing a household budget in Ray, ND (58849) requires a clear understanding of baseline financial requirements. As a single adult, living comfortably in this area demands an estimated $2,874 per month in essential expenditures.
With typical rent and housing utilities averaging an affordable $603 per month—just 21% of baseline expenses—Ray offers exceptionally competitive housing costs compared to wider metropolitan averages across North Dakota.
Local earnings in Ray (58849) demonstrate strong purchasing power. The area median family income of $103,350 significantly exceeds the annual baseline living threshold ($34,490.1) by a ratio of 3.00x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
Tax obligations represent roughly 13% ($387/month) of baseline monthly spending in zip code 58849. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $304 monthly for single adults.
In summary, living in Ray, ND requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 58849 against other US destinations.