Housing costs in Hayward?
A typical home costs
$176,000, which is 47.9% less expensive than the national average of
$338,100 and 43.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hayward costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 39.3% cheaper than the state average of
$1,240.
Can I afford Hayward?
To live comfortably in Hayward, Minnesota, a minimum annual income of
$33,840 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Hayward?
The cost of living in Hayward, MN is quite reasonable. According to BestPlaces, the cost of living index in Hayward is currently at 78.9, which is slightly lower than the national average of 100. This means that basic commodities such as groceries and medical services are all very affordable compared to other areas. The median home value in Hayward is around $156,000, which is much less than in bigger cities like Minneapolis or St. Paul. Renting an apartment or house also tends to be much more affordable here than other places. All in all, Hayward offers a great quality of life at a price anyone can afford!