Hay, ND is a small town with many local businesses to make life easier for its residents. Some of these companies include Hay Cheese Factory, Hay Fertilizer Company, and the family-owned grocery store, JJJ's Grocery. The cost of living in Hay is relatively low compared to many other parts of the country. Rent for a two-bedroom apartment averages around $780 per month which is considerably lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hay is 91 compared to 100 in the rest of the country making groceries more affordable for people who live here.
Hay has an unemployment rate of 3.9%. The US average is 6.0%.
Hay has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Hay
- The Sales Tax Rate for Hay is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hay is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hay
- The average income of a Hay resident is $66,466 a year. The US average is $37,638 a year.
- The Median household income of a Hay resident is $132,569 a year. The US average is $69,021 a year.