Hayland, MN is a small town situated between two large cities in Minnesota. It offers the convenience of city living without the hustle and bustle associated with big cities. The town has an affordable cost of living; 2 Bedroom rent is $1,180 while the US average for similar accommodation is $1,430. Grocery Cost Index in Hayland is 98 which is lower than the national index of 100.
The local economy reflects its small-town nature, with businesses such as Benton Street Bakery, Hayland Family Restaurant and Hayland Liquor Store providing services to locals in their everyday needs. Other businesses that are located in Hayland include Stable Salon & Spa, City Market Hardware and T & C Automotive Repair. All these companies provide excellent service to residents and visitors alike.
Hayland has an unemployment rate of 7.9%. The US average is 6.0%.
Hayland has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Hayland
- The Sales Tax Rate for Hayland is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hayland 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 Hayland
- The average income of a Hayland resident is $32,139 a year. The US average is $37,638 a year.
- The Median household income of a Hayland resident is $85,000 a year. The US average is $69,021 a year.