Hoyt Lakes city, Minnesota Demographics & Population 2026
As of 2026, Hoyt Lakes city, Minnesota has a total population of 2,074, the 255th largest city in Minnesota, with a median household income of $64,514, which is 26% lower than the state average. The poverty rate is 10.1%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.4x.
- Unemployment rate of 15.7% is notably above the national average.
Hoyt Lakes city Quick Facts
How Hoyt Lakes city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Hoyt Lakes city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in St. Louis County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Duluth city | 86,863 | $66,263 | 17.2% | $225,700 |
| Hibbing city | 16,100 | $55,463 | 14.2% | $123,900 |
| Hermantown city | 10,192 | $92,026 | 5.1% | $374,000 |
| Virginia city | 8,362 | $48,321 | 23.2% | $117,500 |
| Chisholm city | 4,731 | $54,815 | 11.2% | $108,100 |
| Rice Lake city | 4,120 | $95,347 | 6.8% | $283,700 |
| Eveleth city | 3,470 | $47,721 | 19.0% | $91,800 |
| Ely city | 3,239 | $46,042 | 15.9% | $150,800 |
| Proctor city | 3,102 | $80,913 | 5.3% | $219,500 |
| Mountain Iron city | 2,865 | $81,607 | 9.3% | $180,700 |
Cities Similar to Hoyt Lakes city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Slayton city | 2,089 | $65,724 | $160,400 | 31.4% | 11.5% |
| Gaylord city | 2,074 | $60,500 | $163,300 | 12.4% | 15.8% |
| Blooming Prairie city | 1,977 | $63,929 | $155,800 | 26.1% | 5.6% |
| Winsted city | 2,023 | $70,208 | $210,200 | 14.3% | 11.3% |
| Olivia city | 2,243 | $62,683 | $156,600 | 21.9% | 13.2% |
Population Overview
Hoyt Lakes city is a small community located in Minnesota, within St. Louis County. The total population is 2,074. It ranks as the 255th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Hoyt Lakes city is 42.2 years. This is 9% higher than the state median of 38.6 years. 11.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Hoyt Lakes city is $64,514. This is 26% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 18% lower. The poverty rate stands at 10.1%. This is 10% higher than the state poverty rate of 9.2%. The unemployment rate is 15.7%. This is 301% higher than the state rate of 3.9%. The median home value is $90,700. Housing costs are 70% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.4x, Hoyt Lakes city is one of the most affordable housing markets in the area. 94.4% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 72.4%.
Race & Ethnicity
Hoyt Lakes city has a predominantly White (non-Hispanic) population, comprising 88.3% of all residents. Hispanic or Latino residents account for 6.6%.
Education
18.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 53% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.9%.
Data Sources & Methodology
All demographic data for Hoyt Lakes city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Hoyt Lakes city, Minnesota?
Hoyt Lakes city, Minnesota has a population of 2,074 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Hoyt Lakes city, MN?
The median household income in Hoyt Lakes city is $64,514, which is 18% lower the national median of $78,538.
What is the poverty rate in Hoyt Lakes city, MN?
The poverty rate in Hoyt Lakes city is 10.1%. This means approximately 206 residents live below the federal poverty line.
What is the racial makeup of Hoyt Lakes city, Minnesota?
Hoyt Lakes city's population is 88.3% White, 0.0% Black, 6.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Hoyt Lakes city, MN?
The median home value in Hoyt Lakes city is $90,700. The home-value-to-income ratio is 1.4x.
How educated is Hoyt Lakes city, Minnesota?
18.4% of adults (25+) in Hoyt Lakes city hold a bachelor's degree or higher, and 5.0% hold a graduate or professional degree.