Deerwood, MN vs Hayward, MN

Deerwood, MN and Hayward, MN have a very similar cost of living, with only a 4.2% difference in their overall index. Deerwood scores 79 while Hayward scores 83 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

When it comes to buying, median home values in Deerwood are $214,700 compared to $109,600 in Hayward, a 96% gap.

Median household income in Deerwood is $62,679 compared to $53,750 in Hayward (+16.6%). Deerwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.