Ely vs Hoyt Lakes

A side-by-side comparison of Ely and Hoyt Lakes: population, income, housing, and more.

Ely and Hoyt Lakes are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Ely has the higher population (3,239 vs 2,074 in Hoyt Lakes). Hoyt Lakes has the higher median household income ($64,514 vs $46,042 in Ely). Ely has the higher median home value ($150,800 vs $90,700 in Hoyt Lakes).

Population, income & housing

	Ely	Hoyt Lakes
Population	3,239	2,074
Median age	50.7 yrs	42.2 yrs
Median household income	$46,042	$64,514
Median home value	$150,800	$90,700
Median gross rent	$627	—
Housing units	2,020	941
Homeownership rate	63.9%	94.4%
Bachelor's degree or higher	34.1%	18.4%
Unemployment rate	2.7%	15.7%

Trends (ACS 5-year, 2019–2023)

	Ely	Hoyt Lakes
Population	3,390 → 3,239 (-4.5%)	2,074 → 2,074 (+0.0%)
Median household income	$40,946 → $46,042 (+12.4%)	$54,063 → $64,514 (+19.3%)
Median home value	$101,900 → $150,800 (+48.0%)	$69,600 → $90,700 (+30.3%)
Median gross rent	$494 → $627 (+26.9%)	$615 → $745 (+21.1%)

Ely

Population

3,3903,239

Median household income

$40,946$46,042

Median home value

$101,900$150,800

Median gross rent

$494$627

Hoyt Lakes

Population

2,0742,074

Median household income

$54,063$64,514

Median home value

$69,600$90,700

Median gross rent

$615$745

Age & race/ethnicity

Age distribution (share)

	Ely	Hoyt Lakes
Under 5	2.5%	3.6%
5 to 17	5.5%	18.9%
18 to 24	15.9%	11.5%
25 to 34	11.8%	4.5%
35 to 44	8.1%	18.2%
45 to 54	8.9%	8.5%
55 to 64	20.5%	13.0%
65 to 74	16.1%	10.0%
75 and over	10.6%	11.8%

Race & ethnicity (share)

	Ely	Hoyt Lakes
White (non-Hispanic)	91.8%	88.3%
Black or African American	2.2%	0.0%
American Indian & Alaska Native	0.4%	3.1%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	1.2%	0.0%
Two or more races	2.2%	2.0%
Hispanic or Latino	2.1%	6.6%

Educational attainment (age 25+)

Share of adults 25+

	Ely	Hoyt Lakes
No high school diploma	10.0%	5.1%
High school graduate	19.7%	28.2%
Some college or associate's	36.2%	48.2%
Bachelor's degree	26.7%	13.4%
Graduate or professional degree	7.4%	5.0%

Commute to work

How workers get to work (share)

	Ely	Hoyt Lakes
Drove alone	56.7%	66.7%
Carpooled	13.2%	12.2%
Public transit	0.1%	0.8%
Walked	21.1%	0.0%
Bicycle	1.9%	0.0%
Worked from home	6.3%	20.3%
Other means	0.7%	0.0%

Housing

Units in structure (share)

	Ely	Hoyt Lakes
1-unit, detached	65.7%	97.0%
1-unit, attached	1.5%	0.5%
2 to 4 units	8.3%	0.0%
5 to 19 units	5.1%	1.9%
20 or more units	16.2%	0.0%
Mobile home & other	3.1%	0.5%

Poverty & households

	Ely	Hoyt Lakes
Poverty rate	15.9%	10.1%
Average household size	1.70	2.52
Mean commute (minutes)	15	32
Median year structure built	1941	—