Hoyt Lakes, MN
Population 2,074 · Minnesota
About Hoyt Lakes, MN
Hoyt Lakes is a small community in Minnesota with a population of 2,074 residents. The median household income is $64,514 per year, which is near the national average. The median age in Hoyt Lakes is 42.2 years.
Housing in Hoyt Lakes has a median home value of $90,700 and median monthly rent of $0. Of the 941 total housing units, the majority are owner-occupied, with 777 owner-occupied and 46 renter-occupied units.
The unemployment rate in Hoyt Lakes is 15.7% and the poverty rate is 10.1%. 18.4% of residents hold a bachelor's degree or higher. The average commute time is 32.4 minutes.
Cost of Living in Hoyt Lakes, MN
Compared to national averages, Hoyt Lakes has a median household income of $64,514 (14% below the national median of $75,149). Home values average $90,700, which is 63% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Hoyt Lakes's income is 13% below the state average of $74,221, and home values are 56% below the state median of $204,472.
Why Live in Hoyt Lakes, MN?
Hoyt Lakes offers affordable housing with a median home value of $90,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 10.1%, better than the national average.
Potential considerations include median household income ($64,514) that falls below the national average. However, Hoyt Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hoyt Lakes has a population of 2,074 with a median age of 42.2 years. Compare Hoyt Lakes with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Hoyt Lakes
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gaylord | 2,074 | $60,500 | $163,300 | Compare |
| Warroad | 2,067 | $50,685 | $195,000 | Compare |
| Esko | 2,063 | $116,406 | $278,800 | Compare |
| Hawley | 2,086 | $92,017 | $265,500 | Compare |
| Slayton | 2,089 | $65,724 | $160,400 | Compare |
| Eyota | 2,090 | $83,684 | $266,800 | Compare |
| Maple Lake | 2,104 | $75,469 | $221,800 | Compare |
| Winsted | 2,023 | $70,208 | $210,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hoyt Lakes
What is the population of Hoyt Lakes, MN?
The population of Hoyt Lakes, MN is 2,074 according to the latest Census data.
What is the median household income in Hoyt Lakes?
The median household income in Hoyt Lakes, MN is $64,514 per year.
What is the median home value in Hoyt Lakes?
The median home value in Hoyt Lakes, MN is $90,700.
What is the average rent in Hoyt Lakes?
The median monthly rent in Hoyt Lakes, MN is $0.
What is the unemployment rate in Hoyt Lakes?
The unemployment rate in Hoyt Lakes, MN is 15.7%.