Hayward, Minnesota, with a population of 56043 is a rural city located in Sawyer County. The average 2 bedroom rent in Hayward is $880, significantly less than the US average of $1,430. Moreover, The Grocery Cost Index in Hayward is 94 compared to 100 in the US. There are numerous local companies within this small town such as Mayer Brothers Apple Products, Carney Logging Inc., and Hayward Electric & Tape Company. All three of these businesses are considered essential to the community and help keep it running smoothly. Renters looking for an affordable home should definitely consider living in Hayward as not only are housing costs lower but you can also reap the benefits of being part of such a tight-knit community.
Hayward (zip 56043) has an unemployment rate of 4.5%. The US average is 6.0%.
Hayward (zip 56043) has seen the job market decrease by -1.3% 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 (zip 56043)
- The Sales Tax Rate for Hayward (zip 56043) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hayward (zip 56043) 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 (zip 56043)
- The average income of a Hayward (zip 56043) resident is $30,392 a year. The US average is $37,638 a year.
- The Median household income of a Hayward (zip 56043) resident is $72,841 a year. The US average is $69,021 a year.