Floodwood is located close to the center of Minnesota. Floodwood is between the Saint Louis, Itasca county. Floodwood has 1.42 square miles of land area and has no water area. As of 2010-2014, the total Floodwood population is 555, which has grown 10.34% since 2000. The population growth rate is higher than the state average rate of 9.44% and is lower than the national average rate of 11.61%. Floodwood median household income is $24,079 in 2010-2014 and has grown by 26.89% since 2000. The income growth rate is lower than the state average rate of 29.12% and is about the same as the national average rate of 27.36%. Floodwood median house value is $63,200 in 2010-2014 and has grown by 60.81% since 2000. The house value growth rate is higher than the state average rate of 51.31% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Floodwood is worse than the state average in quality. The Floodwood area code is 218.