Taconite, MN population, income and ZIP codes

Taconite city is a very small community in Minnesota, with 541 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #487 of 914 ranked by population — larger than 46% of them. The median age here is 46.8 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Taconite city earn a median of $100,089 a year, 27.4% above the national figure of $78,538 and 33% above the $75,469 median for the 361 Minnesota cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 3.5% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Taconite city is valued at $217,900, 28.2% below the national figure and 9% below the $240,400 peer median, while median gross rent runs $2,646 a month, 88.2% above the national figure, or roughly $31,752 across a full year. A household on the local median income would put about 31.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is a stretch on median earnings. The home-price-to-income ratio works out to 2.2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 92.3% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Taconite city is the unusual combination of expensive to rent and cheap to buy: rent takes 31.7% of median income while homes cost only 2.2× it. Where that pattern shows up, the gap is normally down to down-payment and credit barriers rather than price. With 541 residents, a handful of survey responses moves every median on this page. Compare Taconite city against its county rather than against national figures.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.