Floodwood is a city in St. Louis County, Minnesota, United States. The population was 503 at the 2000 census. Originally a logging community, it was a dairy community for most of it history, but could now be best described as a bedroom community, since most of its working population finds employ 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 arterial routes in the city.