Hoyt Lakes, Minnesota 

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Economy in Hoyt Lakes, Minnesota

Hoyt Lakes has an unemployment rate of 3.7%. The US average is 3.9%.

Hoyt Lakes has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Hoyt Lakes
- The Sales Tax Rate for Hoyt Lakes is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hoyt Lakes is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Hoyt Lakes
- The average income of a Hoyt Lakes resident is $24,282 a year. The US average is $28,555 a year.
- The Median household income of a Hoyt Lakes resident is $49,545 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYHoyt Lakes, MinnesotaUnited States
  4.1%3.7%
  1.6%1.6%
  29.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $27,039$31,177
  $51,361$57,652
  $62,795$70,850
  POPULATION BY OCCUPATION
  2.5%1.3%
  8.2%0.6%
  10.1%6.2%
  10.5%10.4%
  1.8%2.7%
  13.9%11.6%
  1.4%4.1%
  2.4%0.9%
  2.8%2.1%
  7.5%4.7%
  0.7%1.9%
  3.1%6.7%
  0.0%0.1%
  2.3%4.3%
  1.3%9.3%
  13.8%13.8%
  1.7%2.2%
  1.7%7.4%
  6.5%4.9%
  7.9%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    MAPS OF HOYT LAKES, MINNESOTA
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    ZIP CODES IN HOYT LAKES, MINNESOTA
    55750

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