Hoyt Lakes, MN Profile: Facts, Map & Data

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Hoyt Lakes, Minnesota - Basic Facts

The City of Hoyt Lakes had a population of 2,015 as of July 1, 2017. Hoyt Lakes ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Hoyt Lakes is located at latitude 47.5677 and longitude -92.0995 in St. Louis County. The formal boundaries for the City of Hoyt Lakes (see map below) encompass a land area of 56.44 sq. miles and a water area of 1.65 sq. miles. St. Louis County is in the Central time zone (GMT -6). The elevation is 1,473 feet.

The City of Hoyt Lakes (GNIS ID: 2394434) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Hoyt Lakes population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Hoyt Lakes: City of Hoyt Lakes.


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City of Hoyt Lakes, MN Boundary Map



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Hoyt Lakes, MN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 2,015
Daytime Population: Workers 650
Daytime Population: Residents 1,314
Total Daytime Population (TDP) 1,964
Ratio TDP/Total Population1 0.97
Population in Households 2,010
Population in Familes 1,618
Population in Group Qrtrs 5
Population Density2 36
Diversity Index3 5
 

INCOME

Median Household Income $50,000
Average Household Income $58,588
Per Capita Income $25,578

HOUSING

Total Housing Units 1,024 (100%)
Owner Occupied HU 765 (74.7%)
Renter Occupied HU 113 (11.0%)
Vacant Housing Units 146 (14.3%)
Median Home Value $77,187
Average Home Value $97,255
 

HOUSEHOLDS

Total Households 878
Average Household Size 2.29
Family Households 593
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.01% 0.15%
Households -0.11% 0.09%
Families -0.21% 0.03%
Median Household Income   0.95%
Per Capita Income   2.38%

Hoyt Lakes, MN - Peer Comparisons by Rank and Percentile

The table below compares Hoyt Lakes to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 259 71st
Population Density # 879 3rd
Diversity Index # 853 6th
Median Household Income # 602 34th
Per Capita Income # 681 25th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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