Floodwood, MN vs Hayfield, MN

There is a significant gap in the cost of living between these two cities. Floodwood is 21.4% cheaper than Hayfield. With a cost index of 59 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Floodwood to Hayfield should plan for substantially higher expenses across most categories.

On the housing front, median rent in Floodwood is $667/month compared to $933/month in Hayfield — a 29% difference. Home values follow the same pattern: Floodwood is more affordable at $100,000 median vs $173,000.

Median household income in Floodwood is $40,972 compared to $69,688 in Hayfield (-41.2%). While Hayfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Floodwood spend roughly 19.5% of their income on rent, more than the 16.1% in Hayfield.

Climate-wise, Hayfield is notably warmer with an average of 44.8°F compared to 36.9°F in Floodwood. Hayfield receives more rainfall at 34.7" per year compared to 24.8" in Floodwood.