Housing costs in Hoyt Lakes?
A typical home costs
$101,500, which is 70.0% less expensive than the national average of
$338,100 and 67.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hoyt Lakes costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 30.5% cheaper than the state average of
$1,240.
Can I afford Hoyt Lakes?
To live comfortably in Hoyt Lakes, Minnesota, a minimum annual income of
$19,440 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Hoyt Lakes?
Hoyt Lakes, MN is known for having a relatively low cost of living compared to other parts of the state. With its lower-than-average housing costs and reasonable taxes, it's easy to see why many people choose to live in this area. Groceries, utilities, and other necessities are also quite affordable, making it an ideal place for those looking to stretch their dollar. The local economy is healthy and growing due to an influx of new businesses, so there are plenty of job opportunities available for those who want them. All in all, Hoyt Lakes provides an attractive living arrangement for any budget-minded individual or family.