Cost of Living in Hoyt Lakes, MN

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16%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
56%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Hoyt Lakes Minnesota National
Cost of living84100100
Groceries100100100
Health care99100100
Housing44100100
Transportation104100100
Utilities107104100
Lifestyle & Entertainment97100100
Household Items100100100
Education & Childcare9899100
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Homes For Sale In Hoyt Lakes, MN

property for sale

423 Andover Rd

Hoyt Lakes, MN
property for sale

331 Viking Dr

Hoyt Lakes, MN
property for sale

104 Yorkshire Rd

Hoyt Lakes, MN
property for sale

329 Wyandotte Rd

Hoyt Lakes, MN

Cost Of Living Quick Facts

  • The cost of living in Hoyt Lakes is 16% lower than the Minnesota average
  • The cost of living in Hoyt Lakes is 16% lower than the national average
  • Hoyt Lakes housing is 56% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Hoyt Lakes

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$87,814$7,318$2,049$2,635
      Renters$0$0$0$0

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Aurora, MN1,7358218.2%
      Babbitt, MN1,5128514.8%
      Biwabik, MN6578614.0%
      Gilbert, MN1,8878713.5%
      McKinley, MN135928.2%
      Hoyt Lakes, MN2,1608416.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cascade, IA2,160928.1%
      Watervliet, MI2,1608415.6%
      Village of Four Seasons, MO2,1601000.2%
      Pessamit, QC2,160n/a 
      Scottsville, NY2,1591022.1%
      Hoyt Lakes, MN2,1608416.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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