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Hoyt Lakes, MN
Full City Profile · Minnesota · St. Louis County County
Hoyt Lakes, MN
At a Glance
How Hoyt Lakes Compares to the U.S. Average
Each bar shows Hoyt Lakes's value as a percentage of the national average (100% = U.S. avg)
Is Hoyt Lakes a Good Place to Live?
Economy & Jobs
Hoyt Lakes residents earn a median household income of $64,514 , which is 14% below the national average of $75,149. Per capita income is $29,087. The unemployment rate stands at 8.8% (144% above the U.S. rate of 3.6%). 9.3% of residents live below the poverty line. The area is home to 5,646 business establishments, including 557 restaurants.
Housing & Cost of Living
The median home value in Hoyt Lakes is $90,700 , 68% below the national median of $281,900. Zillow estimates the typical home at $115,070. The cost of living index is 98.6 (100 = national average). The median home was built in 1956.
Safety & Crime
Hoyt Lakes reports 50 violent crimes per 100,000 residents , which is 87% below the national average of 380/100K. Property crime is 0/100K. The murder rate is 0.0/100K.
Education
18.4% of adults in Hoyt Lakes hold a bachelor's degree or higher (45% below the national average). 94.9% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Hoyt Lakes has an average annual temperature of 36°F (2°C). Winters average 5°F in January while summers reach 64°F in July. The area gets 276 sunny days per year. Annual precipitation totals 28.1 inches. Air quality is rated Good with a median AQI of 36.