Housing costs in Hayward?
A typical home costs
$162,800, which is 51.8% less expensive than the national average of
$338,100 and 47.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hayward costs
$880 per month, which is 29.0% cheaper than the national average of
$1,240 and close to the state average of
$870.
Can I afford Hayward?
To live comfortably in Hayward (zip 56043), Minnesota, a minimum annual income of
$31,320 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Hayward?
The cost of living in Hayward, MN 56043 is relatively low compared to other areas of the state. The median home value in the area is just over $120,000, and the median monthly rent for a two-bedroom apartment is around $750. Utilities are also quite affordable in this area. Energy costs are below the national average and on par with what one would find in more rural parts of Minnesota. The overall cost of food is slightly higher than the national average but still considered very reasonable. In addition to affordability, there are plenty of outdoor activities available to enjoy year-round, making Hayward an attractive option for those looking to move out of the city but still stay within budget.