Hay Lakes, AB

Full City Profile · Alberta

3.1 /5.0
B Good
957 Population 25/sq mi density
$80,000 Median Income $50,400 per capita
$278,000 Home Value
$1,091 Median Rent 24.2% income on rent
36°F Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$80,000 median income, 14.3% unemployment
A+
Affordability
4.7 / 5.0
$278,000 home value, $1,091/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.1 / 5.0
14.3% bachelor's degree or higher

Hay Lakes, AB

At a Glance

Median Income
$80,000
6% above
$50,400 per capita
Home Value
$278,000
1% below
Median Rent
$1,091/mo
6% below
24.2% of income on rent
Bachelor's Degree+
14.3%
58% below
36.5% high school+
Unemployment
14.3%
297% above
12.4% poverty rate
Avg Temperature
36°F

How Hay Lakes Compares to the U.S. Average

Each bar shows Hay Lakes's value as a percentage of the national average (100% = U.S. avg)

Income
106%
Home Value
99%
Rent
94%
Poverty
100%
Bachelor's
42%
Unemployment
397%
Thin vertical line = U.S. national average (100%)

Is Hay Lakes a Good Place to Live?

B
3.1 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Hay Lakes residents earn a median household income of $80,000 , which is 6% above the national average of $75,149. Per capita income is $50,400. The unemployment rate stands at 14.3% (297% above the U.S. rate of 3.6%). 12.4% of residents live below the poverty line. The area is home to 30 business establishments.

Housing & Cost of Living

The median home value in Hay Lakes is $278,000 , 1% below the national median of $281,900. Median rent is $1,091/month, with 24.2% of renters spending more than 30% of income on housing.

Education

14.3% of adults in Hay Lakes hold a bachelor's degree or higher (58% below the national average). 36.5% have completed high school.

Climate & Weather

Hay Lakes has an average annual temperature of 36°F (2°C). Winters average 7°F in January while summers reach 61°F in July. Annual precipitation totals 18.8 inches.

Data Overview

People

Population957
Median Age36.4 yrs
Density25/mi²
Male / Female51% / 49%

Economy

B
Median Income$80,000
Per Capita$50,400
Unemployment14.3%
Poverty12.4%
Avg Weekly Wage$969

Housing

A+
Home Value$278,000
Rent$1,091
Ownership91.2%
Housing Units170
Rent Burden24.2%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp36°F
Rain18.8 in/yr
Elevation2,523 ft

Education

C
Bachelor's+14.3%
High School+36.5%
Graduate+0.0%

Community

Commute28 min