Taconite, MN Profile: Facts & Data

Advertisement

Taconite Local Links & Resources:
Resources | ALL Taconite Content
Planning to visit Taconite? See Local Hotels

Also See: Taconite, MN ZIP Codes & ZIP Code Maps | Local Area Photos

Taconite, Minnesota - Basic Facts

The City of Taconite had a population of 654 as of July 1, 2019. Taconite ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Taconite is located at latitude 47.3127 and longitude -93.3821 in Itasca County. The formal boundaries for the City of Taconite encompass a land area of 27.88 sq. miles and a water area of 1.67 sq. miles. Itasca County is in the Central time zone (GMT -6). The elevation is 1,398 feet.

The City of Taconite (GNIS ID: 2396025) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Taconite is located within Township of Iron Range (historical), a minor civil division (MCD) of Itasca County.


Jump to... (On This Page!)
  1. Taconite 2019 Demographic Data
  2. Growth Rates for Taconite (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

Taconite, MN - Most Popular Things to Do

Also See: Nearby Photos | Nearby Hotels | Driving Directions

Use HTL Address Research for a Minnesota Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Advertisement

Taconite, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Taconite, MN Housing Affordability Index is 238
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Taconite, MN Wealth Index is 47
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 654 (100%)
Population in Households 649 (99.2%)
Population in Families 488 (74.6%)
Population in Group Quarters1 5 ( 0.8%)
Population Density 23
Diversity Index2 21
 

INCOME

Median Household Income $44,979
Average Household Income $55,326
Per Capita Income $22,887
Wealth Index4 47

HOUSING

Total Housing Units 340 (100%)
Owner Occupied HU 195 (57.4%)
Renter Occupied HU 74 (21.8%)
Vacant Housing Units 70 (20.6%)
Median Home Value $105,814
Housing Affordability Index3 238
 

HOUSEHOLDS

Total Households 270
Average Household Size 2.4
Family Households 166
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.08% 0.18%
Households 0.04% 0.07%
Families -0.45% 0.12%
Median Household Income   2.79%
Per Capita Income   2.89%

Taconite, MN - Peer Comparisons by Rank and Percentile

The table below compares Taconite to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 452 50th
Population Density # 890 2nd
Diversity Index # 288 68th
Median Household Income # 807 11th
Per Capita Income # 835 8th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Minnesota Census Data Comparison Tool

Compare Minnesota July 1, 2019 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement