Hoyt Lakes is a small town of 2,095 in Minnesota, with a median household income of $70,583
and a 16.3% unemployment rate.
Its cost of living index is 87 (US average = 100), which is
13% below the national average.
Strengths:
Hoyt Lakes stands out for an affordable cost of living, below-average home prices.
Trade-offs:
Potential downsides include longer commutes, an elevated unemployment rate. Whether Hoyt Lakes is right for you depends on your priorities — the full breakdown is below.
All Hoyt Lakes city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 87.0
Hoyt Lakes's overall cost of living index is 87.0,
where 100 represents the US national average.
Living in Hoyt Lakes costs roughly 13% less than the average American city.
Metric
Hoyt Lakes, MN
National Avg
Median Home Value
$84,900
$244,900
Median Monthly Rent
$745
$1,163
Homeownership Rate
92.5%
65.9%
Median Household Income
$70,583
$74,755
Crime & Safety
Safer than Average
Hoyt Lakes's violent crime rate is 188.9 per 100,000 residents
— 50% lower than the national average of ~380 per 100,000.
Violent Crime
188.9 /100k
Property Crime
1946.6 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Hoyt Lakes, MN
National Avg
School District
N/A
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
N/A
—
Student/Teacher Ratio
N/A
16:1
Bachelor's Degree or Higher
13.9%
35.4%
High School Diploma or Higher
94.4%
91.1%
Weather & Climate
Hoyt Lakes sees average highs of 16.8°F in January
and 77.7°F in July,
with 28.1 inches of annual precipitation
and 83.9 inches of snow per year.
Hoyt Lakes's cost of living index is 87, where 100 is the national average.
That makes Hoyt Lakes roughly 13% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $84,900 and median rent is $745/month.
Hoyt Lakes's violent crime rate is 188.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1946.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Hoyt Lakes, MN has a population of 2,095, a median household income of $70,583, and an unemployment rate of 16.3%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Hoyt Lakes averages 16.8°F in January and 77.7°F in July. Annual rainfall is 28.1 inches
with about 83.9 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Hoyt Lakes, MN is covered by 1 ZIP code: 55750.
The population of Hoyt Lakes, Minnesota is 2,095 with a median age of 42.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Hoyt Lakes: cost of living index 87 (100 = US average), median home $84,900, median household income $70,583, crime index 67 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Hoyt Lakes side by side with your current city to see the trade-offs.