There were 80 households out of which 26.3% had children under the age of 18 living with them, 48.8% were married couples living together, 16.3% had a female householder with no husband present, and 30.0% were non-families. 30.0% of all households were made up of individuals and 17.5% had someone living alone who was 65 years of age or older. The average household size was 2.33 and the average family size was 2.84.
In the town the population was spread out with 18.8% under the age of 18, 10.2% from 18 to 24, 24.7% from 25 to 44, 26.9% from 45 to 64, and 19.4% who were 65 years of age or older. The median age was 42 years. For every 100 females there were 80.6 males. For every 100 females age 18 and over, there were 77.6 males.
The median income for a household in the town was $25,781, and the median income for a family was $31,750. Males had a median income of $25,000 versus $15,625 for females. The per capita income for the town was $13,155. About 3.6% of families and 10.9% of the population were below the poverty line, including 10.3% of those under the age of eighteen and 10.8% of those sixty five or over.
The myth concerning the town's origins is popular and widely accepted among area residents, but local historians dispute this explanation. The name Haysi actually originates from the Haysi General Store which was established as a trading post, taking advantage of intersecting trade routes provided by the aforementioned stream confluence. Haysi was a blend of the names of the store's owners (Hayter and Sifers). This accurate historical account was documented by Anita Belcher in her Dickenson Star column sometime in the mid-1990's.