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Blackduck, MN vs Hoyt Lakes, MN

68
Blackduck
Minnesota
VS
-13.1%
78
Hoyt Lakes
Minnesota

Blackduck is moderately more affordable than Hoyt Lakes, with a 13.1% lower cost of living index. Blackduck scores 68 compared to 78 for Hoyt Lakes, where the US average is 100. This difference means residents of Hoyt Lakes can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Blackduck are $138,800 compared to $90,700 in Hoyt Lakes, a 53% gap.

Median household income in Blackduck is $35,417 compared to $64,514 in Hoyt Lakes (-45.1%). While Hoyt Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Income & Cost

Cost of Living Index
Blackduck
68
13% cheaper
Hoyt Lakes
78
Median Household Income
Blackduck
$35,417
Hoyt Lakes
$64,514
45% higher

Housing

Median Rent
Blackduck
$749
Hoyt Lakes
Median Home Value
Blackduck
$138,800
Hoyt Lakes
$90,700
35% cheaper
Population
Blackduck
715
Hoyt Lakes
2,074

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Blackduck
Hoyt Lakes $2.97
US $3.07
🥚
Eggs (grade A, large)
Blackduck
Hoyt Lakes $2.42
US $2.50
🥛
Milk (whole)
Blackduck
Hoyt Lakes $3.90
US $4.03
🍞
Bread (white)
Blackduck
Hoyt Lakes $1.79
US $1.85
🍗
Chicken breast
Blackduck
Hoyt Lakes $4.01
US $4.14
Electricity
Blackduck
Hoyt Lakes $0.17
US $0.19