Hoyt Lakes employment information

IndexHoyt LakesMinnesotaNational
Income per capita$24,282$31,642$28,555
Median household income$49,545$60,828$53,482
Median income owner occupied$47,986$74,687$68,142
Median income renter occupied$60,313$31,748$33,219
Median earnings male$40,195$39,915$36,116
Median earnings female$16,161$27,655$25,692
Unemployment rate5.7%4.5%5.8%
Poverty level7.3%11.5%15.6%

Did you know?

  • The income per capita in Hoyt Lakes is 15% lower than the national average.
  • The median household income in Hoyt Lakes is 7% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Hoyt Lakes is 3% lower than the national average.
  • The poverty level in Hoyt Lakes is 53% lower than the national average.

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Compare Hoyt Lakes, MN Employment To Other Cities

Employment status

Hours worked per week

Hoyt Lakes median earnings by income bracket

Hoyt Lakes employment by industry

Labour TypeMaleFemale
Construction industry14.7%1.0%
Manufacturing sector15.8%10.8%
Financial & insurance services0.0%14.3%
Wholesale & retail services11.6%19.9%
Public administration4.0%8.0%
Transportation, warehousing & utilities5.6%2.4%
Education, health & social services6.5%28.9%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
McKinley, MN102$51,2504%
Gilbert, MN1,823$44,82116%
Aurora, MN1,587$41,18523%
Babbitt, MN1,456$40,00025%
Biwabik, MN1,096$32,43239%
Hoyt Lakes, MN2,003$49,5457%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Fannett, TX2,003$72,28135%
Escobares, TX2,003$19,86763%
Spirit Lake, ID2,003$34,02836%
Walden, TN2,002$89,82168%
Youngstown, NY2,002$59,18511%
Hoyt Lakes, MN2,003$49,5457%
Source: The Hoyt Lakes, MN employment data displayed above is derived from the United States Census Bureau.