Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.7 yrs |
|---|---|
| Avg HH Size | 2.18 |
| Below Poverty | 9.1% ▼ 9% below avg |
| College Grads | 37.7% ≈ Avg |
| Unemployment | 7.1% ▲ 45% above avg |
| No HS Diploma | 9 (0.4%) |
| HS Graduate | 720 (29.3%) |
| Some College | 337 (13.7%) |
| Associates | 466 (19%) |
| Bachelors | 346 (14.1%) |
| Graduate Degree | 580 (23.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,354 ▼ 13% below avg |
|---|---|
| Median Home Value | $154,500 ▼ 45% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $805/mo |
| Total Housing Units | 1,793 |
| Vacant Units | 98 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Granite Falls is a city in Minnesota, located in Yellow Medicine County. The city spans 1 ZIP code and is home to approximately 3,829 residents. It is a middle-aged city, with a median age of 41.7 years.
Economically, Granite Falls is a solidly middle-class community. The median household income of $66,354 is near the national average. Approximately 9.1% of residents live below the poverty line. The unemployment rate is 7.1%, above the national average.
The real estate market in Granite Falls is an affordable housing market. Median home values stand at $154,500, which is below the national average. Renters typically pay around $805 per month. Homeownership is high at 79.2%, typical of suburban and family-oriented communities.
The population of Granite Falls is moderately educated. 37.7% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (78.77%).
Granite Falls, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56241 | 3,829 | $66,354 | $154,500 | $805 | 7.1% | 37.7% | 79.2% |