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Granite Falls, MN
Full City Profile · Minnesota · Yellow Medicine County County
3.2
/5.0
B
Good
2,612
Population
736/sq mi density
$59,402
Median Income
$37,972 per capita
$139,700
Home Value
$145,554 Zillow
$818
Median Rent
23.9% income on rent
45°F
Avg Temperature
276 sunny days/yr
111
Violent Crime/100K
1,889 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$59,402 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$139,700 home value, $818/mo rent
F
Safety
1.0 / 5.0
111 violent crimes/100K
C+
Education
2.9 / 5.0
23.4% bachelor's degree or higher
Income Overview
Median Household Income
$59,402
21% below
US avg: $75,149
Per Capita Income
$37,972
3% below
US avg: $39,052
Unemployment Rate
3.0%
17% below
US avg: 3.6%
Poverty Rate
2.3%
81% below
US avg: 12.4%
Income Comparison: Granite Falls vs. U.S. Average
Each bar shows Granite Falls’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$59,402
79%
Per Capita
US: $39,052
$37,972
97%
IRS Avg AGI
US: $72,000
$74,153
103%
Avg Weekly Wage
US: $1,432
$954
67%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$954
33% below US avg ($1,432)
Mean Commute Time
16 min
43% below US avg (28 min)
Work From Home
5.0%
67% below US avg (15.2%)
Drive Alone
80.1%
9% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$784M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
80.1%
Public Transit
0%
Work From Home
5%
Other
14.9%
Average commute time
16 minutes
US avg: 28 min
Business Landscape
Total Establishments
388
Restaurants
24
Healthcare
31
Retail
46
Manufacturing
17
Tax & Financial
IRS Avg Adjusted Gross Income
$74,153
3% above US avg ($72,000)
Avg Property Tax
$3,238
7% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $59,402 |
| Per Capita Income | $37,972 |
| IRS Avg Adjusted Gross Income | $74,153 |
| Avg Weekly Wage | $954 |
| County GDP | $784M |
Hardship Indicators
| Unemployment Rate | 3.0% |
| Poverty Rate | 2.3% |
| Gini Coefficient | 0.422 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 16 minutes |
| Drive Alone | 80.1% |
| Public Transit | 0.0% |
| Work From Home | 5.0% |
Businesses
| Total Establishments | 388 |
| Restaurants | 24 |
| Healthcare | 31 |
| Retail | 46 |
| Manufacturing | 17 |
Tax
| IRS Avg AGI | $74,153 |
| Avg Property Tax | $3,238 |