Living in Hayward, Minnesota
Cost of living, income, home prices, rent and demographics of Hayward · Census data 2020–2024
Hayward has 231 residents with a median age of 48.3. The median household income is $61,250 (31% lower than the Minnesota median), the median home value is $114,000.
Hayward is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hayward at a glance
- Population
- 231
- Median age
- 48.3State: 38.8
- Median household income
- $61,250State: $89,062
- Median home value
- $114,000State: $329,300
- Homeowners
- 83.2%
- Bachelor's degree or higher
- 6.6%
- Average commute
- 24 min
Is Hayward a good place to live?
Pros: Home values 65% lower than the state median; unemployment of 0.8%.
Cons: Median household income 31% lower than the Minnesota median; an average commute of 24 minutes; a poverty rate of 12.6%.
The weather is best in June to September.
Cost of living in Hayward
Housing is the biggest part of the cost of living. In Hayward the median home value is $114,000, 66% lower than the U.S. median. Renters pay a median of — per month, which is 17.5% of household income. Homeowners with a mortgage pay $1,148 a month in housing costs.
Hayward median household income
The median household income in Hayward is $61,250 and the income per person is $38,688. 12.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Hayward: homes for sale and rent
- Housing units
- 111
- Owner-occupied
- 83.2%
- Renter-occupied
- 16.8%
- Vacant
- 3.6%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.16
Hayward demographics
- Population
- 231
- Median age
- 48.3
- Under 18
- 15.6%
- 65 and older
- 25.1%
- Households
- 107
- Foreign-born
- 2.2%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Hayward ›
Education in Hayward
6.6% of adults 25 and older in Hayward have a bachelor's degree or higher (Minnesota: 39.4%), and 1.1% have a graduate or professional degree.
Jobs and commute in Hayward
- Unemployment rate
- 0.8%State: 4.1%
- Average commute
- 24 minState: 23 min
- Work from home
- 5.2%
- Drive alone
- 87.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86%
Hayward vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hayward | 231 | $61,250 | $114,000 | — |
| Glenville | 572 | $56,563 | $123,300 | $903 |
| Albert Lea | 18,330 | $64,603 | $157,500 | $857 |
| Hollandale | 340 | $64,375 | $151,500 | $642 |
| Clarks Grove | 636 | $73,750 | $123,400 | $845 |
| Twin Lakes | 158 | $55,089 | — | $558 |
| Geneva | 387 | $61,500 | $182,500 | $670 |
| Austin | 26,358 | $68,057 | $163,900 | $953 |
| Mapleview | 110 | $33,750 | $76,700 | $583 |
More for people moving to Hayward
Hayward ZIP code ›Weather and climate ›Living in Hayward: FAQ
What is the median household income in Hayward, MN?
The median household income in Hayward is $61,250, 31% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hayward?
The median home value in Hayward is $114,000, compared with $329,300 in Minnesota.
Is Hayward, MN a good place to live?
Pluses: home values 65% lower than the state median; unemployment of 0.8%. Minuses: median household income 31% lower than the Minnesota median; an average commute of 24 minutes; a poverty rate of 12.6%.
What is the median age in Hayward?
The median age in Hayward is 48.3 years (Minnesota: 38.8).
How long is the commute in Hayward?
The average commute to work in Hayward is 24 minutes; 5.2% of workers work from home.
What is the unemployment rate in Hayward?
The unemployment rate in Hayward is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hayward?
6.6% of adults in Hayward have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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