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Taconite, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
468
Population
$84,375
Median Income
$219,600
Home Value
54.8
Median Age

Demographics

Taconite has a population of 468 with a median age of 54.8. Here is the racial and ethnic breakdown of the population:

White
92.7%
Other
7.3%
Demographic Value
Total Population468
Median Age54.8
White92.7%
Other / Two or More Races7.3%
Taconite, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 92.7%Other: 7.3%468PopulationWhiteWhite92.7%OtherOther7.3%

Income & Economy

The median household income in Taconite is $84,375, which is 4.7% above the national median of $80,610. The per capita income is $49,471. The poverty rate is 3.6%.

$84,375
Median Household Income
$49,471
Per Capita Income
3.6%
Poverty Rate

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Education

In Taconite, 92.1% of residents age 25+ have a high school diploma or higher, and 17.1% hold a bachelor's degree or higher (5.8% with a graduate or professional degree).

HS Diploma+
92.1%
Bachelor's+
17.1%
Graduate+
5.8%
Education Level % of Adults (25+)
High School Diploma or Higher92.1%
Bachelor's Degree or Higher17.1%
Graduate or Professional Degree5.8%

Housing

The median home value in Taconite is $219,600, below the national median of $303,400. The median monthly rent is $2,625. The homeownership rate is 89.4%.

$219,600
Median Home Value
$2,625/mo
Median Rent
89.4%
Homeownership Rate
Housing Metric Value
Median Home Value$219,600
Median Monthly Rent$2,625
Homeownership Rate89.4%
Vacancy Rate17.2%

Salaries in Minnesota

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Other Cities in Minnesota

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Frequently Asked Questions

What is the population of Taconite, Minnesota?
The population of Taconite, Minnesota is 468 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Taconite, Minnesota?
The median household income in Taconite, Minnesota is $84,375. This is 4.7% above the national median of $80,610.
What is the median home value in Taconite, Minnesota?
The median home value in Taconite, Minnesota is $219,600. The median monthly rent is $2,625.
What percentage of people in Taconite have a college degree?
In Taconite, Minnesota, 17.1% of adults age 25 and older hold a bachelor's degree or higher, and 92.1% have a high school diploma or higher.
Is Taconite, Minnesota an affordable place to live?
The home price-to-income ratio in Taconite, Minnesota is 2.6x (median home value $219,600 vs. median income $84,375), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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