Granada, MN
Population 231 · Minnesota
About Granada, MN
Granada is a small community located in Minnesota with a population of 231 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,750 per year, which is 34% below the national median of $75,149. The median age of 42.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Granada features a median home value of $88,500, which is 64% below the national median of $244,900. This makes Granada one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $591, 49% below the national average of $1,163/month. Of the 139 total housing units, 86% are owner-occupied (87 units) and 14% are renter-occupied (14 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Granada shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 25.5%, above the national average of 12.4%. Workers in Granada have an average one-way commute time of 26.9 minutes.
Education & Demographics
7.6% of Granada residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Granada, MN
Compared to national averages, Granada has a median household income of $49,750 (34% below the national median of $75,149). Home values average $88,500, which is 64% below the national median. Monthly rent at $591 is 49% below the US average of $1,163. Within Minnesota, Granada's income is 33% below the state average of $74,221, and home values are 57% below the state median of $204,472.
Why Live in Granada, MN?
Granada offers affordable housing with a median home value of $88,500, below the US average of $244,900, and rent that’s lower than the national average at $591/month, and a strong job market with an unemployment rate of just 1.0%.
Potential considerations include median household income ($49,750) that falls below the national average. However, Granada’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Granada has a population of 231 with a median age of 42.5 years. Compare Granada with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Granada
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Twin Lakes | 231 | $63,125 | $227,500 | Compare |
| Dent | 232 | $46,250 | $104,300 | Compare |
| Ogema | 233 | $51,875 | $82,500 | Compare |
| Bellechester | 234 | $59,375 | $194,400 | Compare |
| Finlayson | 228 | $63,750 | $175,000 | Compare |
| Garden City | 228 | $77,222 | $154,500 | Compare |
| Lutsen | 234 | $78,750 | $347,500 | Compare |
| Lake Wilson | 227 | $59,375 | $92,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Granada
What is the population of Granada, MN?
The population of Granada, MN is 231 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Granada?
The median household income in Granada, MN is $49,750 per year, which is 34% below the national median of $75,149.
What is the median home value in Granada?
The median home value in Granada, MN is $88,500, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Granada?
The median monthly rent in Granada, MN is $591, which is 49% below the national average of $1,163/month.
What is the unemployment rate in Granada?
The unemployment rate in Granada, MN is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Granada, MN a good place to live?
Granada offers a moderate cost of living, affordable housing, and a strong job market. With a population of 231 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Granada, MN?
7.6% of residents in Granada aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Granada?
Key cost-of-living indicators for Granada, MN: median home value is $88,500 (64% below national), median rent is $591/month, and median household income is $49,750. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Granada?
The poverty rate in Granada, MN is 25.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Granada, MN?
Granada's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.