2025 Compare Cities Economy:
Hoyt Lakes, MN vs Iron River, MI

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Highlights
- Household income in Iron River, is 35% less than it is in Hoyt Lakes and is 74% below the National Average.
- Hoyt Lakes unemployment rate is 4.8%.
- Iron River unemployment rate is 6.8%.
 Hoyt Lakes, MNIron River, MIUnited States
 Unemployment Rate  Unlock6.8%6.0%
 Recent Job Growth  Unlock0.8%1.6%
 Future Job Growth29.9%  Unlock33.5%
 Sales Taxes7.4%  Unlock6.2%
 Income Taxes  Unlock4.3%4.6%
 Income per Cap.$27,835  Unlock$37,638
 Household Income  Unlock$39,775$69,021
 Family Median Income$67,574  Unlock$85,028
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 Est. Households By Income
 Hoyt Lakes, MNIron River, MIUnited States
 Income Less Than 15K  Unlock12.8%9.4%
 Income between 15K and 20K7.3%  Unlock3.8%
 Income between 20K and 30K  Unlock13.5%8.1%
 Income between 30K and 40K9.8%  Unlock8.0%
 Income between 40K and 50K  Unlock8.7%7.6%
 Income between 50K and 60K7.7%  Unlock7.2%
 Income between 60K and 75K  Unlock13.7%9.6%
 Income between 75K and 100K13.5%  Unlock12.8%
 Income between 100K and 150K  Unlock10.8%16.3%
 Income between 150K and 200K3.9%  Unlock7.8%
 Income greater than 200K  Unlock0.0%9.5%
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 Population By Occupation
 Hoyt Lakes, MNIron River, MIUnited States
 Management, business, finance10.3%  Unlock16.4%
 Engineering, computers, science  Unlock0.1%6.5%
 Community, social services0.0%  Unlock1.8%
 Legal  Unlock0.8%1.2%
 Education, library2.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.0%2.0%
 Healthcare practitioners and technology6.7%  Unlock6.2%
 Healthcare support  Unlock7.5%3.3%
 Firefighters, law enforcement3.1%  Unlock2.1%
 Food preparation, serving  Unlock13.8%5.4%
 Building maintenance5.1%  Unlock3.6%
 Personal care  Unlock2.4%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  Unlock19.1%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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