Economy in Hoyt Lakes, Minnesota
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Economy
| Unemployment Rate | 8.10% | 9.10% |
| Recent Job Growth | 0.47% | -0.12% |
| Future Job Growth | 32.84% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 7.85% | 6.25% |
| Income per Cap. | $21,672 | $27,067 |
| Household Income | $41,600 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.23% | 12.10% |
| Income between 15K and 25K | 18.34% | 10.18% |
| Income between 25K and 35K | 12.69% | 10.56% |
| Income between 35K and 50K | 22.15% | 14.98% |
| Income between 50K and 75K | 21.68% | 19.53% |
| Income between 75K and 100K | 9.92% | 12.52% |
| Income between 100K and 150K | 5.42% | 12.14% |
| Income between 150K and 250K | 0.46% | 3.91% |
| Income between 250K and 500K | 0.12% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.32% | 13.81% |
| Professional and Related Occupations | 17.78% | 22.68% |
| Service | 19.27% | 14.51% |
| Sales and Office | 20.07% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 15.48% | 9.37% |
| Production, Transportation, and Material Moving | 24.89% | 15.86% |
The unemployment rate in Hoyt Lakes, MN, is 8.10%, with job growth of 0.47%. Future job growth over the next ten years is predicted to be 32.84%.
Hoyt Lakes, MN Taxes
Hoyt Lakes, MN,sales tax rate is 6.50%. Income tax is 7.85%.
Hoyt Lakes, MN Income and Salaries
The income per capita is $21,672, which includes all adults and children. The median household income is $41,600.
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