55750 ZIP Code – Hoyt Lakes, Minnesota
ZIP code 55750 is a small ZIP code located in Hoyt Lakes, Minnesota, within St. Louis County with a population of approximately 2,100 residents. At $70,750, the median household income here runs near the Minnesota average and near the U.S. average. The median home value of $85,100 is well below the national average, with 95.7% owner-occupied housing (increasing). ; median rent of $745 is similarly below the national average. Housing consists of 100% single-family (increasing).
At 15.7%, the unemployment rate is well above the national figure. The poverty rate of 10.1% is below the U.S. average. 18.4% of adults hold a bachelor's degree or higher, below the U.S. average. Residents have a median age of 42.3, near the U.S. median. The surrounding area includes ZIP codes 55706, 55705, 55602.
ZIP Code 55750 Data
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ZIP 55750 vs. Minnesota vs. U.S.
| Metric | ZIP 55750 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 2,100 | 6,531 | 10k |
| Median Household Income | $70k | $77k | $73k |
| Median Home Value | $85k | $223k | $258k |
| Median Rent | $745 | $954 | $1,088 |
| Median Age | 42.3 | 43.2 | 43.2 |
| Unemployment Rate | 15.7% | 4.0% | 5.0% |
| Poverty Rate | 10.1% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 18.4% | 26.4% | 26.9% |
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Nearby ZIP Codes
- 55706 – Babbitt
- 55705 – Aurora
- 55602 – Brimson
- 55732 – Embarrass
- 55708 – Biwabik
- 55763 – Makinen
- 55741 – Gilbert
- 55782 – Soudan
- 55792 – Virginia
- 55607 – Isabella
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55706 | BABBITT | 1,716 | $56,250 |
| 55705 | AURORA | 3,235 | $53,359 |
| 55602 | BRIMSON | 321 | $61,250 |
| 55732 | EMBARRASS | 1,455 | $58,000 |
| 55708 | BIWABIK | 749 | $63,977 |