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Living In Hoyt Lakes, MN

Hoyt Lakes, Minnesota is a small town with slightly more than 2,000 residents. Retirees make up a greater percentage of the population (27%) here than nationally (14%), while young adults are less well-represented. With an average age of just over 47, the town's residents skew notablyolder than most cities in Minnesota. Renters tend to be in the minority in Hoyt Lakes, and 90% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $709 per month. Over the course of a year, renters in Hoyt Lakes will save around $3,400 compared to the state average.

Averaging about 33 minutes, the commute time for Hoyt Lakes residents is longer than the Minnesota average of about 25 minutes. Driving a vehicle is the most common means of commuting to work, opted for by 37% of residents, while public transit is not widely used. Few commuters walk to work.

Hoyt Lakes has a high percentage of residents older than 25 who have an Associate's degree (11%) compared to the national average (5%). Further, 7% have earned a Bachelor's degree and 2% possess a Master's or Doctoral degree. Seven percent of the population in Hoyt Lakes works in healthcare, making it the most common industry. Meanwhile, looking at job function, many of the town's workers are in construction, which ranks as the top field in the town. Hoyt Lakes workers earn an average annual income of about $60,000, less than the average Minnesota resident. Hoyt Lakes's average income also falls below the national average of $73,345.



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