Taconite, MN
Population 541 · Minnesota
About Taconite, MN
Taconite is a small community in Minnesota with a population of 541 residents. The median household income is $100,089 per year, which is above the national average. The median age in Taconite is 46.8 years.
Housing in Taconite has a median home value of $217,900 and median monthly rent of $2,646. Of the 268 total housing units, the majority are owner-occupied, with 204 owner-occupied and 17 renter-occupied units.
The unemployment rate in Taconite is 1.9% and the poverty rate is 3.5%. 15.9% of residents hold a bachelor's degree or higher. The average commute time is 26.1 minutes.
Cost of Living in Taconite, MN
Compared to national averages, Taconite has a median household income of $100,089 (33% above the national median of $75,149). Home values average $217,900, which is 11% below the national median. Monthly rent at $2,646 is 128% above the US average of $1,163. Within Minnesota, Taconite's income is 35% above the state average of $74,221, and home values are 7% above the state median of $204,472.
Why Live in Taconite, MN?
Taconite offers a strong local economy with a median household income of $100,089, well above the national average, and affordable housing with a median home value of $217,900, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 3.5%, better than the national average.
Taconite has a population of 541 with a median age of 46.8 years. Compare Taconite with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Taconite
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Medicine Lake | 541 | $161,250 | $1,014,500 | Compare |
| Ranier | 541 | $81,389 | $140,400 | Compare |
| Hill City | 543 | $39,583 | $102,900 | Compare |
| White Earth | 543 | $18,929 | $73,300 | Compare |
| Balaton | 544 | $54,091 | $85,000 | Compare |
| Hamburg | 544 | $78,125 | $229,200 | Compare |
| Kiester | 544 | $49,167 | $52,600 | Compare |
| Brownton | 530 | $77,159 | $148,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Taconite
What is the population of Taconite, MN?
The population of Taconite, MN is 541 according to the latest Census data.
What is the median household income in Taconite?
The median household income in Taconite, MN is $100,089 per year.
What is the median home value in Taconite?
The median home value in Taconite, MN is $217,900.
What is the average rent in Taconite?
The median monthly rent in Taconite, MN is $2,646.
What is the unemployment rate in Taconite?
The unemployment rate in Taconite, MN is 1.9%.