Cost of Living in Taconite, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
164.9
100 = national avg
+64.9 vs national average
Living Wage (1 Adult)
$72,568
per year
Living Wage (Family of 4)
$171,525
per year
Cost Index by Category
Housing211.7
Food126.5
Transportation153.0
Healthcare121.2
Utilities138.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$860
per month
2 Bedroom
$1,074
per month
The overall cost of living index in Taconite is 164.9, which is 64.9% above the national average. Housing costs are above the national average at an index of 211.7. A single adult needs to earn approximately $72,568 per year to cover basic expenses.