The Town FilesTaconite, Minnesota
City in Itasca County · population 651 (2020 Census)
- Median home
- $219,600
- Household income
- $84,375
- Jan low / Jul high
- -1° / 80°
- Snow a year
- 60 in
- Tornadoes ≤10 mi since 1950
- 1
- Median age
- 54.8
Taconite is a city of 651 people in Itasca County, Minnesota. The median home is worth $219,600, below the typical Minnesota town ($301,800). It ranks better for first-time buyers than 90% of Minnesota towns, more of a college town than 83% of Minnesota towns, better for a vacation home than 82% of Minnesota towns.
How Taconite ranks
Percentile among Minnesota towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Minnesota towns.
Homes and cost of living
The median home in Taconite is worth $219,600, below the typical Minnesota town ($301,800). Homes cost about 2.6 times the median household income of $84,375, which is more affordable than 82% of Minnesota towns. Median rent is $2,625 a month. 89.4% of households own their home.
| Housing | Taconite | Typical Minnesota town |
|---|---|---|
| Median home value | $219,600 | $301,800 |
| Median rent | $2,625 | $991 |
| Median household income | $84,375 | $87,375 |
| Home value ÷ income | 2.6× | 3.4× |
| Homeownership | 89.4% | 88.6% |
| Median year built | 1986 | 1979 |
| Seasonal / vacation homes | 9.9% | — |
Who lives in Taconite
| People | Taconite | Typical Minnesota town |
|---|---|---|
| Median age | 54.8 | 42.7 |
| Age 65 and over | 25.2% | 20.0% |
| Under 18 | 13.2% | — |
| Bachelor's degree or higher | 17.1% | 26.2% |
| Below the poverty line | 3.6% | 6.9% |
| Veterans | 10.8% | — |
| Born outside the U.S. | 0.0% | — |
| Work from home | 4.8% | 11.1% |
| Average commute | 26.0 min | 24.5 min |
| Homes with broadband | 83.7% | 90.2% |
Weather in Taconite
July highs average 79.7°F and January lows -1.5°F. About 29.4 inches of rain and melted snow fall a year, with 59.6 inches of snow (typical Minnesota town: 47.0 in). Expect about 6 days a year at 90°F or hotter and 187 nights at or below freezing.
Tornadoes, storms and disasters
1 tornado has passed within 10 miles of Taconite since 1950, compared with 14 for the typical Minnesota town. 1 rated (E)F2 or stronger. The strongest, an F2, struck on June 7, 1977 about 5.5 miles from the town center. The most recent was on June 7, 1977.
Hail of 1 inch or larger has been reported within 10 miles 53 times; the largest was 3.00 inches on August 11, 1988.
Severe weather in Itasca County since 1996
Itasca County has been included in 15 federal disaster or emergency declarations since 1953, most often for flood, drought, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| June 28, 2024 | Flood | DR-4797: Severe Storms And Flooding |
| August 9, 2022 | Severe Storm | DR-4666: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| April 7, 2020 | Biological | DR-4531: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3453: Covid-19 |
| September 5, 2018 | Flood | DR-4390: Severe Storms, Tornadoes, Straight-Line Winds, And Flooding |
Jobs and pay in Itasca County
Itasca County had 16,608 jobs in 2024, paying an average of $54,071 a year. Unemployment was 4.6% in 2023; in Taconite itself the ACS puts it at 0%.
Towns near Taconite
- Bovey, MN1.7 mi · 829 people · home $122,800
- Marble, MN4.5 mi · 610 people · home $102,500
- Coleraine, MN5.3 mi · 2,006 people · home $211,800
- Trout Lake, MN5.4 mi · 1,056 people · home $260,000
- Arbo, MN5.4 mi · 862 people · home $263,700
- Greenway, MN6.2 mi · 1,788 people · home $138,200
- La Prairie, MN7.9 mi · 653 people · home $212,800
- Grand Rapids, MN8.9 mi · 11,126 people · home $213,800
Taconite questions
Is Taconite, Minnesota a good place to retire?
On The Town Files lifestyle rankings, Taconite scores better for retirees than 36% of Minnesota towns and quieter than 57%. 25.2% of residents are 65 or older (median age 54.8).
How much does a house cost in Taconite?
The median owner-occupied home in Taconite is valued at $219,600 (Census ACS 2020–2024), against a median household income of $84,375, so homes cost about 2.6 times income. Median rent is $2,625 a month.
What is the weather like in Taconite?
July highs average 79.7°F and January lows -1.5°F (NOAA 1991–2020 normals). It gets about 29.4 inches of precipitation a year and 59.6 inches of snow.
Does Taconite get tornadoes?
1 tornado has passed within 10 miles of Taconite since 1950 (NOAA Storm Events); the strongest was a F2 on June 7, 1977. The typical Minnesota town has had 14.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)