Hoyt Lakes employment information

IndexHoyt LakesMinnesotaNational
Income per capita$25,664$33,225$29,829
Median household income$50,051$63,217$55,322
Median income owner occupied$49,286$77,618$70,586
Median income renter occupied$50,761$34,348$35,192
Median earnings male$42,935$40,933$36,919
Median earnings female$21,190$29,114$26,250
Unemployment rate4.0%3.4%4.7%
Poverty level8.1%10.8%15.1%
The Hoyt Lakes, MN employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Hoyt Lakes is $25,664, which is 23% lower than than the Minnesota average and 14% lower than than the national average. The median household income is $50,051, which is 21% lower than than the Minnesota average and 10% lower than than the national average. The unemployment rate in Hoyt Lakes is 4%, which is 13% lower than than the national average. The poverty rate in Hoyt Lakes is 8% which is 47% lower than than the national average.

am i middle class

$Input your household income
$33,363$50,051$100,102
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.

Did you know?

  • The income per capita in Hoyt Lakes is 14% lower than the national average.
  • The median household income in Hoyt Lakes is 10% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Hoyt Lakes is 13% lower than the national average.
  • The poverty level in Hoyt Lakes is 47% 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 industry16.9%2.1%
Manufacturing sector19.0%7.4%
Financial & insurance services1.8%18.8%
Wholesale & retail services6.5%13.8%
Public administration7.7%9.4%
Transportation, warehousing & utilities3.4%1.2%
Education, health & social services7.7%31.8%
Other34.8%19.7%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Gilbert, MN1,734$48,18513%
Babbitt, MN1,582$42,32124%
Aurora, MN1,714$42,21724%
McKinley, MN191$41,82724%
Biwabik, MN887$33,90239%
Hoyt Lakes, MN2,080$50,05110%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Sodus, NY2,080$35,06837%
Hudson, CO2,079$48,43812%
Willow, AK2,081$53,9582%
Hunter, TN2,081$36,16735%
Gibbon, NE2,081$50,8858%
Hoyt Lakes, MN2,080$50,05110%
Source: The Hoyt Lakes, MN employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).