Minnesota · Census place 64048
Taconite city, MN
Quick answer
Taconite city has 541 residents, ranking #487 of 914 places in Minnesota. Median household income is $100,089, the median home is worth $217,900 and median gross rent runs $2,646 a month.
- Population
- 541Taconite city residents
- Median household income
- $100,089Past 12 months, inflation adjusted
- Median home value
- $217,900Owner-occupied units
- Median gross rent
- $2,646Rent plus utilities, monthly
- Median age
- 46.8 yrsAll residents
- Homeownership rate
- 92.3%Owner-occupied households
What the numbers mean in Taconite city
Housing cost measured against local earnings.
A household earning the Taconite city median would spend about 31.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.5% of residents and 92.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- White Earth CDP 543
- Medicine Lake city 541
- Ranier city 541
- Brownton city 530
- Cosmos city 529
- Sturgeon Lake city 526
- Stephen city 524
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