Hoyt Lakes, MN
2,064Residents
$65,764Median household income
$1,550/moMedian gross rent
$93,300Median home value
42.8Median age
17%Adults with a bachelor’s degree or higher
96%Homes lived in by their owners
1.4×Home value to household income
Median rent takes about 28% of the median household income in Hoyt Lakes.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $62,000 a year. In Minnesota that leaves roughly $3,982 a month after tax. See the full paycheck breakdown for $60,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.