Floodwood is a city in Saint Louis County, Minnesota, United States. Population was 528 at the 2010 census.Originally a logging community, it was a dairy community for most of its history, but could now be best described as a bedroom community, since most of its working population finds employment in nearby Duluth, Grand Rapids, Hibbing and Cloquet. The city describes itself as "The Catfish Capital of the World", a nickname it gave to itself following the introduction of the community's annual Catfish Days festival.U.S. Highway 2 and State Highway 73 are two of the main routes in Floodwood.