Hoyt Lakes, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Hoyt Lakes, MN: Quick Facts & Overview
- Population: 2,064 residents (14 people per sq. mi.)
- Average House Price: $96,855
- Average Household Income: $65,764
Hoyt Lakes, MN is located in the state of Minnesota. It is home to about 2,064 people, with around 14 residents living in every square mile.
If you want to buy a house in Hoyt Lakes, the average price is around $96,855. That makes local housing 63% lower than the Minnesota average of $260,056, and 69% lower than the national average of $308,592.
The average household in Hoyt Lakes earns about $65,764 a year. This income is 20% lower than the average family in Minnesota ($82,068), and 16% lower than the national average ($78,686).
Population
2,064
Median Household Income
$65,764
Median Home Value
$96,855
Median Age
42.8 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $32,440 |
| Labor Force Participation | 55.8% |
| Unemployment Rate | 13.9% |
| Average Commute Time | 29.3 mins |
Housing & Community Metrics
| Home Ownership Rate | 95.7% |
| Median Rent | $1,550 |
| Rent Burdened (>30% Income) | 17.6% |
| Total Housing Units | 839 |
Additional Census & Housing Profile
Geographic Overview
| County | St. Louis |
| County FIPS | 27137 |
| Metro Area (CBSA) | Duluth, MN-WI |
| Combined Area (CSA) | Duluth-Grand Rapids, MN-WI |
| Population Density | 14.3/sq mi |
| Coordinates (lat/lng) | 47.5601, -92.1163 |
| Timezone | America/Chicago |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 3.16 |
| Dual Income Families | 50.3% |
Marital Status
| Married | 49.1% |
| Never Married | 32.7% |
| Divorced | 10.9% |
| Widowed | 7.3% |
Gender
| Male | 53.2% |
| Female | 46.8% |
Health & Poverty
| Uninsured Rate (Health) | 3.2% |
| Poverty Rate | 7.3% |
Key Population Groups
| Veterans | 14.2% |
| Disabled Population | 19.4% |
| Limited English Proficiency | - |
All ZIP Codes in Hoyt Lakes
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55750 | 2,068 | $65,833 | $96,843 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Aurora, MN | 6.1 miles | 1,792 |
| Biwabik, MN | 9.7 miles | 966 |
| Babbitt, MN | 9.8 miles | 1,393 |
| Gilbert, MN | 16.8 miles | 1,697 |
| Soudan, MN | 18.3 miles | 415 |
| Virginia, MN | 18.7 miles | 8,332 |
| Tower, MN | 18.9 miles | 367 |
| Eveleth, MN | 21.1 miles | 3,448 |
| Mountain Iron, MN | 23.8 miles | 2,860 |
| Ely, MN | 26.8 miles | 3,240 |
| Kinney, MN | 28.4 miles | 115 |
| Winton, MN | 29.4 miles | 124 |
| Buhl, MN | 30.7 miles | 1,022 |
| Cook, MN | 32.9 miles | 423 |
| Chisholm, MN | 35.9 miles | 4,712 |
| Hibbing, MN | 40.4 miles | 16,057 |
| Finland, MN | 40.7 miles | 257 |
| Two Harbors, MN | 42 miles | 3,567 |
| Silver Bay, MN | 43.3 miles | 1,769 |
| Meadowlands, MN | 44.3 miles | 174 |
| Knife River, MN | 45 miles | 131 |
| Rice Lake, MN | 45.8 miles | 4,153 |
| Keewatin, MN | 46.5 miles | 1,215 |
| Orr, MN | 47.7 miles | 368 |
| Nashwauk, MN | 50.6 miles | 926 |