Housing costs in Hayfield?
A typical home costs
$275,400, which is 18.5% less expensive than the national average of
$338,100 and 11.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hayfield costs
$1,010 per month, which is 18.5% cheaper than the national average of
$1,240 and 13.9% cheaper than the state average of
$1,150.
Can I afford Hayfield?
To live comfortably in Hayfield (zip 55940), Minnesota, a minimum annual income of
$52,920 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Hayfield?
The cost of living in 55940 Hayfield, MN is relatively affordable. According to the 2019 estimations from Best Places, the cost of living index in this zip code is 84.2 which is lower than the national average of 100. Housing costs are particularly low with median home values at $151,100 and median rent set at $737 per month. Utilities are also relatively inexpensive, running an average of 22% less than national rates. The overall affordability of housing and utilities makes living in 55940 Hayfield, MN an attractive option for many people.