Living in Taconite, Minnesota
Cost of living, income, home prices, rent and demographics of Taconite · Census data 2020–2024
Taconite has 468 residents with a median age of 54.8. The median household income is $84,375 (5% lower than the Minnesota median), the median home value is $219,600, the median rent is $2,625/month.
Taconite is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Taconite at a glance
- Population
- 468
- Median age
- 54.8State: 38.8
- Median household income
- $84,375State: $89,062
- Median home value
- $219,600State: $329,300
- Median rent
- $2,625/moState: $1,280
- Homeowners
- 89.4%
- Bachelor's degree or higher
- 17.1%
- Average commute
- 26 min
Is Taconite a good place to live?
Pros: Home values 33% lower than the state median; a poverty rate of 3.6%.
Cons: Median household income 5% lower than the Minnesota median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Taconite
Housing is the biggest part of the cost of living. In Taconite the median home value is $219,600, 34% lower than the U.S. median. Renters pay a median of $2,625 per month, which is 33.4% of household income. Homeowners with a mortgage pay $1,477 a month in housing costs.
Taconite median household income
The median household income in Taconite is $84,375 and the income per person is $49,471. 3.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Taconite: homes for sale and rent
- Housing units
- 274
- Owner-occupied
- 89.4%
- Renter-occupied
- 10.6%
- Vacant
- 17.2%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.06
Taconite demographics
- Population
- 468
- Median age
- 54.8
- Under 18
- 13.2%
- 65 and older
- 25.2%
- Households
- 227
- Foreign-born
- 0%
- Veterans
- 10.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Taconite ›
Education in Taconite
17.1% of adults 25 and older in Taconite have a bachelor's degree or higher (Minnesota: 39.4%), and 5.8% have a graduate or professional degree.
Jobs and commute in Taconite
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 26 minState: 23 min
- Work from home
- 4.8%
- Drive alone
- 86.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 83.7%
Taconite vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Taconite | 468 | $84,375 | $219,600 | $2,625 |
| Bovey | 646 | $64,083 | $122,800 | $948 |
| Marble | 669 | $53,958 | $102,500 | $658 |
| Coleraine | 2,150 | $74,716 | $211,800 | $1,167 |
| Calumet | 279 | $43,036 | $110,800 | $645 |
| La Prairie | 592 | $69,375 | $212,800 | $725 |
| Grand Rapids | 11,207 | $61,029 | $213,800 | $1,090 |
| Nashwauk | 926 | $57,589 | $112,300 | $688 |
| Warba | 146 | $59,688 | $119,300 | $1,143 |
More for people moving to Taconite
Taconite ZIP code ›Weather and climate ›Living in Taconite: FAQ
What is the median household income in Taconite, MN?
The median household income in Taconite is $84,375, 5% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Taconite?
The median home value in Taconite is $219,600, compared with $329,300 in Minnesota.
How much is rent in Taconite?
The median gross rent in Taconite is $2,625 per month, about 33.4% of household income.
Is Taconite, MN a good place to live?
Pluses: home values 33% lower than the state median; a poverty rate of 3.6%. Minuses: median household income 5% lower than the Minnesota median; an average commute of 26 minutes.
What is the median age in Taconite?
The median age in Taconite is 54.8 years (Minnesota: 38.8).
How long is the commute in Taconite?
The average commute to work in Taconite is 26 minutes; 4.8% of workers work from home.
What is the unemployment rate in Taconite?
The unemployment rate in Taconite is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Taconite?
17.1% of adults in Taconite have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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