Hayfield, MN vs Newfolden, MN

Hayfield, MN and Newfolden, MN have a very similar cost of living, with only a 3.9% difference in their overall index. Hayfield scores 75 while Newfolden scores 72 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.

On the housing front, median rent in Hayfield is $933/month compared to $883/month in Newfolden — a 6% difference. Home values follow the same pattern: Newfolden is more affordable at $143,800 median vs $173,000.

Median household income in Hayfield is $69,688 compared to $69,000 in Newfolden (+1%). Hayfield does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Hayfield spend roughly 16.1% of their income on rent, more than the 15.4% in Newfolden.

Climate-wise, Hayfield is notably warmer with an average of 44.8°F compared to 37.7°F in Newfolden. Hayfield receives more rainfall at 34.7" per year compared to 24.3" in Newfolden.