Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.3 yrs |
|---|---|
| Avg HH Size | 2.52 |
| Below Poverty | 9.9% ≈ Avg |
| College Grads | 38.9% ≈ Avg |
| Unemployment | 15.7% ▲ 221% above avg |
| HS Graduate | 378 (28.3%) |
| Some College | 229 (17.2%) |
| Associates | 209 (15.7%) |
| Bachelors | 267 (20%) |
| Graduate Degree | 252 (18.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $64,653 ▼ 15% below avg |
|---|---|
| Median Home Value | $90,800 ▼ 67% below avg |
| Home/Income Ratio | 1.4x (nat avg ~3.5x) |
| Total Housing Units | 957 |
| Vacant Units | 132 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hoyt Lakes is a city in Minnesota, located in St. Louis County. The city spans 1 ZIP code and is home to approximately 2,078 residents. It is a middle-aged city, with a median age of 42.3 years.
Economically, Hoyt Lakes is a solidly middle-class community. The median household income of $64,653 is below the national average. Approximately 9.9% of residents live below the poverty line. The unemployment rate is 15.7%, more than double the national average.
The real estate market in Hoyt Lakes is one of the more affordable housing markets in the country. Median home values stand at $90,800, which is well below the national average. Homeownership is high at 94.4%, typical of suburban and family-oriented communities.
The population of Hoyt Lakes is moderately educated. 38.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (88.31%).
Hoyt Lakes, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55750 | 2,078 | $64,653 | $90,800 | — | 15.7% | 38.9% | 94.4% |