Hoyt Lakes, MN Profile: Facts & Data

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Hoyt Lakes, Minnesota - Basic Facts

The City of Hoyt Lakes had a population of 2,032 as of July 1, 2018. 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.

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

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  1. Hoyt Lakes 2018 Demographic Data
  2. Growth Rates for Hoyt Lakes (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Hoyt Lakes, MN Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 2,032
Population in Households 2,027
Population in Familes 1,623
Population in Group Qrtrs 5
Population Density2 36
Diversity Index3 5
 

INCOME

Median Household Income $50,187
Average Household Income $59,133
Per Capita Income $25,716

HOUSING

Total Housing Units 1,021 (100%)
Owner Occupied HU 789 (77.3%)
Renter Occupied HU 93 ( 9.1%)
Vacant Housing Units 139 (13.6%)
Median Home Value $78,412
Average Home Value $109,030
 

HOUSEHOLDS

Total Households 882
Average Household Size 2.3
Family Households 594
Average Family Size 3
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  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

2010-2018 2018-2023
Population 0.09% 0.18%
Households -0.04% 0.09%
Families -0.16% 0.0%
Median Household Income   1.9%
Per Capita Income   3.3%

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, 2018 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 # 258 72nd
Population Density # 878 3rd
Diversity Index # 860 5th
Median Household Income # 627 31st
Per Capita Income # 718 21st

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

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