2025 Compare Cities Economy:
Hoyt Lakes, MN vs Biwabik, MN

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Highlights
- Household income in Biwabik, is 18% less than it is in Hoyt Lakes and is 37% below the National Average.
- Hoyt Lakes unemployment rate is 4.8%.
- Biwabik unemployment rate is 4.8%.
 Hoyt Lakes, MNBiwabik, MNUnited States
 Unemployment Rate  Unlock4.8%6.0%
 Recent Job Growth  Unlock1.6%1.6%
 Future Job Growth29.9%  Unlock33.5%
 Sales Taxes7.4%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$27,835  Unlock$37,638
 Household Income  Unlock$50,313$69,021
 Family Median Income$67,574  Unlock$85,028
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 Est. Households By Income
 Hoyt Lakes, MNBiwabik, MNUnited States
 Income Less Than 15K  Unlock14.3%9.4%
 Income between 15K and 20K7.3%  Unlock3.8%
 Income between 20K and 30K  Unlock10.7%8.1%
 Income between 30K and 40K9.8%  Unlock8.0%
 Income between 40K and 50K  Unlock17.9%7.6%
 Income between 50K and 60K7.7%  Unlock7.2%
 Income between 60K and 75K  Unlock7.2%9.6%
 Income between 75K and 100K13.5%  Unlock12.8%
 Income between 100K and 150K  Unlock7.5%16.3%
 Income between 150K and 200K3.9%  Unlock7.8%
 Income greater than 200K  Unlock3.3%9.5%
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 Population By Occupation
 Hoyt Lakes, MNBiwabik, MNUnited States
 Management, business, finance10.3%  Unlock16.4%
 Engineering, computers, science  Unlock3.6%6.5%
 Community, social services0.0%  Unlock1.8%
 Legal  Unlock1.1%1.2%
 Education, library2.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.5%2.0%
 Healthcare practitioners and technology6.7%  Unlock6.2%
 Healthcare support  Unlock7.5%3.3%
 Firefighters, law enforcement3.1%  Unlock2.1%
 Food preparation, serving  Unlock3.3%5.4%
 Building maintenance5.1%  Unlock3.6%
 Personal care  Unlock1.9%2.6%
 Sales, office, administrative support23.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair19.2%  Unlock8.1%
 Production, transportation, material moving  Unlock14.2%13.1%
Reviews for Hoyt Lakes    1 Reviews

Over 5 years ago

Small community living at it's best this area is excellent for wintertime and nature lovers. Quaint, quiet, isolated and relaxed, lots of small town charm with folks who  More

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Reviews for Biwabik    0 Reviews

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