Income & Economy in Hoyt Lakes city, MN (55750)
Median Income
$64,653
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+147
Wealth inflow
Population
2,078
Unemployment
15.7%
12.0pp above US avg
IRS migration statistics show a net inflow of about 147 for ZIP 55750 (Hoyt Lakes city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 55750 (2020–Present)
Since 2020, population declined 1.3%, median income fell 6.7% (inflation-adjusted), home values increased 13.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $64,653 |
| Unemployment | 15.7% |
| Establishments | 24 |
| Employees | 205 |