Taconite, MN

Full City Profile · Minnesota · Itasca County County

4.1 /5.0
A Great
541 Population 19/sq mi density
$100,089 Median Income $42,715 per capita
$217,900 Home Value $131,300 Zillow
$2,646 Median Rent 32.7% income on rent
40°F Avg Temperature
A
Overall
4.1 / 5.0
Strong
A+
Economy
5.0 / 5.0
$100,089 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$217,900 home value, $2,646/mo rent
C
Education
2.3 / 5.0
15.9% bachelor's degree or higher

Taconite, MN

At a Glance

Median Income
$100,089
33% above
$42,715 per capita
Home Value
$217,900
23% below
Zillow: $131,300
Median Rent
$2,646/mo
128% above
32.7% of income on rent
Bachelor's Degree+
15.9%
53% below
93.1% high school+
Unemployment
1.9%
47% below
2.6% poverty rate
Obesity Rate
36.0%
12% above
16.6% smoking rate
Avg Temperature
40°F

How Taconite Compares to the U.S. Average

Each bar shows Taconite's value as a percentage of the national average (100% = U.S. avg)

Income
133%
Home Value
77%
Rent
228%
Poverty
21%
Bachelor's
47%
Unemployment
53%
Thin vertical line = U.S. national average (100%)

Is Taconite a Good Place to Live?

A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Taconite residents earn a median household income of $100,089 , which is 33% above the national average of $75,149. Per capita income is $42,715. The unemployment rate stands at 1.9% (47% below the U.S. rate of 3.6%). 2.6% of residents live below the poverty line. The area is home to 1,352 business establishments, including 107 restaurants.

Housing & Cost of Living

The median home value in Taconite is $217,900 , 23% below the national median of $281,900. Zillow estimates the typical home at $131,300. Median rent is $2,646/month, with 32.7% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1977.

Education

15.9% of adults in Taconite hold a bachelor's degree or higher (53% below the national average). 93.1% have completed high school. Local schools score 5.9/10 in standardized testing.

Climate & Weather

Taconite has an average annual temperature of 40°F (5°C). Winters average 9°F in January while summers reach 68°F in July. Annual precipitation totals 29.4 inches.

Data Overview

People

Population541
Median Age46.8 yrs
Density19/mi²
Male / Female58% / 42%
Foreign Born0.0%
Veterans11.8%

Economy

A+
Median Income$100,089
Per Capita$42,715
Unemployment1.9%
Poverty2.6%
County GDP$2,579M
Avg Weekly Wage$1,040

Housing

A+
Home Value$217,900
Rent$2,646
Ownership92.3%
Zillow$131,300
Housing Units302
Rent Burden32.7%

Health

Obesity36.0%
Diabetes9.7%
Smoking16.6%
Heart Disease5.5%
Premature Death9,838/100K

Climate

Avg Temp40°F
Rain29.4 in/yr
Elevation1,365 ft

Education

C
Bachelor's+15.9%
High School+93.1%
Graduate+6.4%
School Score5.9/10

Community

2024 VoteR 59% / D 39%
Commute26 min
Broadband90.0%
Internet Speed149 Mbps
EV Stations7
Libraries6

Did You Know?

The median home in Taconite was built in 1977.
The nearest airport is Range Regional (26 miles).
The Gini coefficient (income inequality) is 0.432 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
14.6% of the population has a disability.
Average internet download speed is 149 Mbps.
There are 107 restaurants in the area.
The county recorded 4 fatal vehicle crashes.