Hoyt Lakes, MN vs International Falls, MN

There is a significant gap in the cost of living between these two cities. International Falls is 24.2% cheaper than Hoyt Lakes. With a cost index of 63 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from International Falls to Hoyt Lakes should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Hoyt Lakes are $90,700 compared to $115,000 in International Falls, a 21% gap.

Median household income in Hoyt Lakes is $64,514 compared to $61,043 in International Falls (+5.7%). Hoyt Lakes does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget.

Climate-wise, both cities share similar average temperatures (36.9°F vs 37.4°F). International Falls receives more rainfall at 25.4" per year compared to 24.8" in Hoyt Lakes.