Granite Falls, MN
Full City Profile · Minnesota · Yellow Medicine County County
Granite Falls, MN
At a Glance
How Granite Falls Compares to the U.S. Average
Each bar shows Granite Falls's value as a percentage of the national average (100% = U.S. avg)
Is Granite Falls a Good Place to Live?
Economy & Jobs
Granite Falls residents earn a median household income of $59,402 , which is 21% below the national average of $75,149. Per capita income is $37,972. The unemployment rate stands at 5.0% (39% above the U.S. rate of 3.6%). 2.3% of residents live below the poverty line. The area is home to 388 business establishments, including 24 restaurants.
Housing & Cost of Living
The median home value in Granite Falls is $139,700 , 50% below the national median of $281,900. Zillow estimates the typical home at $152,097. Median rent is $818/month, with 23.9% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1972.
Safety & Crime
Granite Falls reports 300 violent crimes per 100,000 residents , which is 21% below the national average of 380/100K. Property crime is 562/100K.
Education
23.4% of adults in Granite Falls hold a bachelor's degree or higher (31% below the national average). 87.5% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Granite Falls has an average annual temperature of 45°F (7°C). Winters average 13°F in January while summers reach 72°F in July. Annual precipitation totals 28.6 inches.