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Taconite, MN
Full City Profile · Minnesota · Itasca County County
3.3
/5.0
B
Good
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
276 sunny days/yr
218
Violent Crime/100K
3,512 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$100,089 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$217,900 home value, $2,646/mo rent
F
Safety
1.0 / 5.0
218 violent crimes/100K
C
Education
2.3 / 5.0
15.9% bachelor's degree or higher
Income Overview
Median Household Income
$100,089
33% above
US avg: $75,149
Per Capita Income
$42,715
9% above
US avg: $39,052
Unemployment Rate
1.1%
69% below
US avg: 3.6%
Poverty Rate
2.6%
79% below
US avg: 12.4%
Income Comparison: Taconite vs. U.S. Average
Each bar shows Taconite’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$100,089
133%
Per Capita
US: $39,052
$42,715
109%
IRS Avg AGI
US: $72,000
$70,727
98%
Avg Weekly Wage
US: $1,432
$1,040
73%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,040
27% below US avg ($1,432)
Mean Commute Time
26 min
5% below US avg (28 min)
Work From Home
4.4%
71% below US avg (15.2%)
Drive Alone
85.1%
16% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,579M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
85.1%
Public Transit
0%
Work From Home
4.4%
Other
10.5%
Average commute time
26 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,352
Restaurants
107
Healthcare
170
Retail
178
Manufacturing
36
Tax & Financial
IRS Avg Adjusted Gross Income
$70,727
2% below US avg ($72,000)
Avg Property Tax
$4,534
30% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $100,089 |
| Per Capita Income | $42,715 |
| IRS Avg Adjusted Gross Income | $70,727 |
| Avg Weekly Wage | $1,040 |
| County GDP | $2,579M |
Hardship Indicators
| Unemployment Rate | 1.1% |
| Poverty Rate | 2.6% |
| Gini Coefficient | 0.432 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 26 minutes |
| Drive Alone | 85.1% |
| Public Transit | 0.0% |
| Work From Home | 4.4% |
Businesses
| Total Establishments | 1,352 |
| Restaurants | 107 |
| Healthcare | 170 |
| Retail | 178 |
| Manufacturing | 36 |
Tax
| IRS Avg AGI | $70,727 |
| Avg Property Tax | $4,534 |