Hayward, Minnesota Median Income

Hayward, Minnesota has a population of 245, with a median household income of $58,400.

Current median income data for Hayward.

$58,400

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Population

245

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Median Income

$58,400

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Unemployment

3.60%

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Housing Price

$125,000

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Crime Rate

8.20

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Internet Speed

100.00 Mbps

Hayward is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Minnesota, Hayward provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Hayward has a population of 245, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Hayward is $58,400, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Hayward is about $125,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Hayward is 3.60%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Hayward are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Hayward shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Hayward continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Hayward

What is the population of Hayward?

The population of Hayward is approximately 245.

Is Hayward a good place to live?

Hayward offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Hayward?

The median household income in Hayward is around $58,400.

How expensive is housing in Hayward?

The average housing price in Hayward is approximately $125,000.