Everything You Should Know Before Moving to Hoyt Lakes, MN
Thinking of moving to Hoyt Lakes, MN? With a friendly small-town population of just over 2,000, Hoyt Lakes offers affordable living—median home prices are around $97,000 and average rents about $750. The city boasts low crime rates, short average commutes (22 minutes), and a high rate of homeownership. Enjoy four distinct seasons, nearby outdoor recreation, and access to local schools and healthcare, making it a laid-back and budget-friendly place to call home.
Demographics - Hoyt Lakes, MN
Demographics - Hoyt Lakes, MN
Hoyt Lakes is a small community of about 2,000 residents, with a predominantly White population and a median age of 53, reflecting its appeal to mature adults and retirees. The city has a balanced gender ratio and a low percentage of non-English speakers, contributing to a close-knit, familiar atmosphere.
Population:
2,018
Density:
97 per sq mi
Median Age:
53.4
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
2.5%
Ethnic Composition
White:
95.1%
Black:
0.3%
Asian:
0.4%
Others:
4.2%
Cost Of Living
What is the average cost of living in Hoyt Lakes, MN?
Hoyt Lakes offers a highly affordable cost of living, with median home values around $97,000 and average rents near $750, making homeownership accessible for many. The cost of living index is well below the national average, and essential expenses like utilities and groceries remain budget-friendly.
Median House Value:
$97,000
Gross Rent:
$750
Monthly Electricity Charges:
$120
Auto Insurance:
$1,250
House Owner Cost With Mortgage:
$1,040
House Owner Cost Without Mortgage:
$385
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
82.4
Grocery:
94.1
Housing:
53.2
Utilities:
97.8
Transportation:
85.5
Health Care:
105.0
Miscellaneous:
99.6
Crime
Is Hoyt Lakes, MN a safe place to live?
Hoyt Lakes enjoys low crime rates, with violent crime being especially rare—there is only about a 1 in 1,430 chance of experiencing violent crime. This safe environment is ideal for families and those seeking peace of mind.
Violent Crimes Per 100k:
70
Property Crimes Per 100k:
620
Crime Index:
690
Chance Of Violent Crime:
1 in 1,430
Chance Of Property Crime:
1 in 162
Weather
What is the weather like in Hoyt Lakes, MN year-round?
Residents experience all four seasons, with cold, snowy winters and pleasant, mild summers where highs reach the upper 70s. The area gets about 28 inches of rainfall annually and enjoys sunshine nearly half the year, perfect for those who appreciate seasonal variety.
Winter
Min:
0°F
Max:
22°F
Spring
Min:
28°F
Max:
61°F
Summer
Min:
51°F
Max:
77°F
Fall
Min:
33°F
Max:
58°F
Average Rainfall Inches:
27.6 inches
Sunny Days Percentage:
46%
Neighbors
Household incomes in Hoyt Lakes are moderate, with a median of $54,200, and families benefit from a strong sense of community. Most adults have completed high school, and commute times are short, supporting a relaxed small-town lifestyle.
Median Income:
$36,800
Household Income:
$54,200
Family Income:
$66,400
Per Capita Income:
$28,400
Income Male:
$51,000
Income Female:
$41,000
Poverty Rate:
11.9%
Non English Speakers:
2.5%
Rent:
$750
Unemployment Rate:
5.3%
Public Transport Usage:
0.5%
Commute Time:
22.4 minutes
Education
High School or Higher:
91.5%
Bachelors or More:
16.1%
Education
How are the schools in Hoyt Lakes, MN?
Hoyt Lakes is served by well-rated public schools, including Mesabi East Elementary and Secondary, both with favorable student-teacher ratios. Nearby, Minnesota North College – Vermilion offers higher education opportunities within a short drive.
Public Schools
Name:
Mesabi East Elementary
Street:
601 N 1st St W
Phone:
218-749-5437
Students:
420
Student Teacher Ratio:
15.0
Name:
Mesabi East Secondary
Street:
601 N 1st St W
Phone:
218-749-5437
Students:
480
Student Teacher Ratio:
14.2
Colleges
Name:
Minnesota North College – Vermilion
City:
Ely
State:
MN
Distance:
35 miles
Students:
650
Healthcare
Hoyt Lakes residents have access to local healthcare, including the nearby Essentia Health-Northern Pines hospital, and over 96% of people have health insurance coverage. With a healthcare index below the national average, medical services are both accessible and affordable.
Major Hospitals
Name:
Essentia Health-Northern Pines
Address:
5211 Highway 110, Aurora, MN 55705
Phone:
(218) 229-2221
Type:
Critical Access Hospital
Emergency Services:
Yes
Physicians Per 1000:
1.4
Health Insurance Coverage:
96.1%
Health Care Index:
78.2
Housing Market
What is the housing market like in Hoyt Lakes, MN?
The housing market in Hoyt Lakes is very accessible, with median home prices at $97,000 and a high owner-occupancy rate of 84%. Homes appreciate modestly each year, while rental options remain available for newcomers.
Median Home Price:
$97,000
Average Rent For 2 Bedroom:
$750
Owner Occupied Rate:
84.0%
Rental Vacancy Rate:
6.5%
Home Appreciation Rate (1yr):
3.7%
New Construction Rate:
0.3%
Foreclosure Rate:
0.2%
DMV Information
Driver and vehicle services are managed by the Minnesota Department of Public Safety, with resources available both online and at statewide offices, making it convenient for residents to handle licensing and registration needs.
State:
Minnesota
Department:
Minnesota Department of Public Safety - Driver and Vehicle Services
Address:
445 Minnesota St, St Paul, MN 55101
Phone:
651-297-2126
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.