Hoyt Lakes, MN Employment - Median Household Income, Unemployment Rate

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C-

6%

Income/capita NAT. AVG.

6%

Household income NAT. AVG.

79%

Unemployment NAT. AVG.

Index	Hoyt Lakes	Minnesota	National
Income per capita	$27,909	$33,225	$29,829
Median household income	$58,750	$63,217	$55,322
Median income owner occupied	$59,943	$77,618	$70,586
Median income renter occupied	$0	$34,348	$35,192
Median earnings male	$34,906	$40,933	$36,919
Median earnings female	$24,167	$29,114	$26,250
Unemployment rate	8.3%	3.4%	4.7%
Poverty level	6.8%	10.8%	15.1%

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Key findings

The income per capita in Hoyt Lakes is 6% lower than the national average
The median household income in Hoyt Lakes is 6% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Hoyt Lakes is 79% higher than the national average
The poverty level in Hoyt Lakes is 55% lower than the national average

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am i middle class

$39,162 $58,750 $117,500

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Hoyt Lakes median earnings by income bracket

Hoyt Lakes employment by industry

Labour Type	Male	Female
Construction industry	18.4%	18.4%
Manufacturing sector	14.6%	14.6%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	17.6%	17.6%
Public administration	2.7%	2.7%
Transportation, warehousing & utilities	12.7%	12.7%
Education, health & social services	10.9%	10.9%
Other	23.1%	23.1%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Gilbert, MN	1,828	$51,705	6.5%
Biwabik, MN	643	$47,407	14.3%
Babbitt, MN	1,454	$46,452	16.0%
McKinley, MN	131	$45,833	17.2%
Aurora, MN	1,679	$31,523	43.0%
Hoyt Lakes, MN	2,099	$58,750	6.2%

Cities with similar population

City	Population	Household Income	National Avg.
Gurdon, AR	2,099	$34,330	37.9%
Arnold, CA	2,099	$61,290	10.8%
Oakland, MD	2,099	$54,519	1.5%
Choctaw Lake, OH	2,099	$115,847	109.4%
Winnsboro Mills, SC	2,099	$36,066	34.8%
Hoyt Lakes, MN	2,099	$58,750	6.2%

Source: The Hoyt Lakes, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).