Taconite city, Minnesota Demographics & Population 2026
As of 2026, Taconite city, Minnesota has a total population of 541, the 485th largest city in Minnesota, with a median household income of $100,089, which is 14% higher than the state average. The poverty rate is 3.5%.
Key Takeaways
- An exceptionally low poverty rate of 3.5% — among the lowest in Minnesota.
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
- Near full employment with an unemployment rate of just 1.9%.
Taconite city Quick Facts
How Taconite city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Taconite city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Itasca County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Grand Rapids city | 11,186 | $56,542 | 17.6% | $200,600 |
| Cohasset city | 2,700 | $87,833 | 8.5% | $315,700 |
| Coleraine city | 1,888 | $67,083 | 13.7% | $179,900 |
| Keewatin city | 1,229 | $50,872 | 27.6% | $78,900 |
| Deer River city | 887 | $38,029 | 33.1% | $100,000 |
| Bovey city | 690 | $67,500 | 13.3% | $103,400 |
| La Prairie city | 621 | $75,192 | 4.2% | $202,300 |
| Bigfork city | 430 | $40,875 | 26.7% | $147,900 |
| Warba city | 164 | $48,542 | 21.3% | $105,400 |
| Squaw Lake city | 133 | $61,875 | 22.6% | $200,000 |
Cities Similar to Taconite city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Bethel city | 559 | $102,500 | $260,200 | 15.4% | 3.6% |
| Hampton city | 510 | $106,111 | $305,700 | 21.5% | 6.5% |
| Ranier city | 541 | $81,389 | $140,400 | 21.5% | 6.7% |
| Hamburg city | 544 | $78,125 | $229,200 | 14.9% | 8.4% |
| New Germany city | 581 | $88,438 | $252,600 | 16.7% | 3.7% |
Population Overview
Taconite city is a small community located in Minnesota, within Itasca County. The total population is 541. It ranks as the 485th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Taconite city is 46.8 years. This is 21% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Taconite city is $100,089. This is 14% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 27% higher. The poverty rate stands at 3.5%. This is 62% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.9%. This is 51% lower than the state rate of 3.9%. The median home value is $217,900. Housing costs are 29% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.2x, Taconite city is one of the most affordable housing markets in the area. 92.3% of occupied housing units are owner-occupied. This homeownership rate is 28% higher than the state average of 72.4%.
Race & Ethnicity
Taconite city has a predominantly White (non-Hispanic) population, comprising 95.4% of all residents.
Education
15.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.1%.
Data Sources & Methodology
All demographic data for Taconite city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Taconite city, Minnesota?
Taconite city, Minnesota has a population of 541 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Taconite city, MN?
The median household income in Taconite city is $100,089, which is 27% higher the national median of $78,538.
What is the poverty rate in Taconite city, MN?
The poverty rate in Taconite city is 3.5%. This means approximately 19 residents live below the federal poverty line.
What is the racial makeup of Taconite city, Minnesota?
Taconite city's population is 95.4% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Taconite city, MN?
The median home value in Taconite city is $217,900. The home-value-to-income ratio is 2.2x.
How educated is Taconite city, Minnesota?
15.9% of adults (25+) in Taconite city hold a bachelor's degree or higher, and 4.4% hold a graduate or professional degree.