Greenwood, MN vs Hoyt Lakes, MN

The cost of living difference between Greenwood, MN and Hoyt Lakes, MN is dramatic. Hoyt Lakes is 131% cheaper than Greenwood, a gap that translates to thousands of dollars per year in household expenses. Greenwood has a cost index of 180 while Hoyt Lakes sits at 78, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Greenwood are $1,041,700 compared to $90,700 in Hoyt Lakes, a 1049% gap.

Median household income in Greenwood is $199,063 compared to $64,514 in Hoyt Lakes (+208.6%). While Greenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, Greenwood is notably warmer with an average of 46.7°F compared to 36.9°F in Hoyt Lakes. Greenwood receives more rainfall at 30.6" per year compared to 24.8" in Hoyt Lakes.