Hayward, MN is a small city in the US with many local companies. Compared to the US average, the two bedroom rent in Hayward is much lower at $890, making it an economical option for people who are looking to live close to the city. The cost of grocery items is also cheaper at 94 compared to 100 on average in the US. Some of the local businesses in Hayward include Hayward Feed and Country Store, Lakeside Service Center, Parkview Electric, and Mark's Auto Body Repair. These businesses provide excellent service and products to residents of Hayward and its surrounding areas.
Hayward has an unemployment rate of 4.5%. The US average is 6.0%.
Hayward has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Hayward
- The Sales Tax Rate for Hayward is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hayward is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hayward
- The average income of a Hayward resident is $28,469 a year. The US average is $28,555 a year.
- The Median household income of a Hayward resident is $48,571 a year. The US average is $69,021 a year.