Hoyt Lakes vs Mountain Iron

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

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

Mountain Iron has the higher population (2,865 vs 2,074 in Hoyt Lakes). Mountain Iron has the higher median household income ($81,607 vs $64,514 in Hoyt Lakes). Mountain Iron has the higher median home value ($180,700 vs $90,700 in Hoyt Lakes).

Population, income & housing

	Hoyt Lakes	Mountain Iron
Population	2,074	2,865
Median age	42.2 yrs	49.5 yrs
Median household income	$64,514	$81,607
Median home value	$90,700	$180,700
Median gross rent	—	$911
Housing units	941	1,423
Homeownership rate	94.4%	74.2%
Bachelor's degree or higher	18.4%	22.9%
Unemployment rate	15.7%	3.7%

Trends (ACS 5-year, 2019–2023)

	Hoyt Lakes	Mountain Iron
Population	2,074 → 2,074 (+0.0%)	2,853 → 2,865 (+0.4%)
Median household income	$54,063 → $64,514 (+19.3%)	$51,389 → $81,607 (+58.8%)
Median home value	$69,600 → $90,700 (+30.3%)	$144,500 → $180,700 (+25.1%)
Median gross rent	$615 → $745 (+21.1%)	$550 → $911 (+65.6%)

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

Mountain Iron

Population

2,8532,865

Median household income

$51,389$81,607

Median home value

$144,500$180,700

Median gross rent

$550$911

Age & race/ethnicity

Age distribution (share)

	Hoyt Lakes	Mountain Iron
Under 5	3.6%	3.3%
5 to 17	18.9%	12.8%
18 to 24	11.5%	4.7%
25 to 34	4.5%	9.6%
35 to 44	18.2%	12.7%
45 to 54	8.5%	17.7%
55 to 64	13.0%	12.9%
65 to 74	10.0%	17.8%
75 and over	11.8%	8.6%

Race & ethnicity (share)

	Hoyt Lakes	Mountain Iron
White (non-Hispanic)	88.3%	95.3%
Black or African American	0.0%	0.2%
American Indian & Alaska Native	3.1%	1.2%
Asian	0.0%	1.9%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.7%
Two or more races	2.0%	0.7%
Hispanic or Latino	6.6%	0.0%

Educational attainment (age 25+)

Share of adults 25+

	Hoyt Lakes	Mountain Iron
No high school diploma	5.1%	5.9%
High school graduate	28.2%	34.0%
Some college or associate's	48.2%	37.3%
Bachelor's degree	13.4%	17.5%
Graduate or professional degree	5.0%	5.4%

Commute to work

How workers get to work (share)

	Hoyt Lakes	Mountain Iron
Drove alone	66.7%	74.0%
Carpooled	12.2%	12.4%
Public transit	0.8%	0.0%
Walked	0.0%	0.0%
Bicycle	0.0%	4.0%
Worked from home	20.3%	4.3%
Other means	0.0%	5.2%

Housing

Units in structure (share)

	Hoyt Lakes	Mountain Iron
1-unit, detached	97.0%	69.9%
1-unit, attached	0.5%	1.3%
2 to 4 units	0.0%	3.3%
5 to 19 units	1.9%	8.3%
20 or more units	0.0%	13.8%
Mobile home & other	0.5%	3.4%

Poverty & households

	Hoyt Lakes	Mountain Iron
Poverty rate	10.1%	9.3%
Average household size	2.52	2.19
Mean commute (minutes)	32	16
Median year structure built	—	1973