Granite Falls, MN
Population 2,612 · Minnesota
About Granite Falls, MN
Granite Falls is a small community in Minnesota with a population of 2,612 residents. The median household income is $59,402 per year, which is near the national average. The median age in Granite Falls is 41.4 years.
Housing in Granite Falls has a median home value of $139,700 and median monthly rent of $818. Of the 1,258 total housing units, the majority are owner-occupied, with 935 owner-occupied and 267 renter-occupied units.
The unemployment rate in Granite Falls is 5.0% and the poverty rate is 9.3%. 23.4% of residents hold a bachelor's degree or higher. The average commute time is 15.6 minutes.
Cost of Living in Granite Falls, MN
Compared to national averages, Granite Falls has a median household income of $59,402 (21% below the national median of $75,149). Home values average $139,700, which is 43% below the national median. Monthly rent at $818 is 30% below the US average of $1,163. Within Minnesota, Granite Falls's income is 20% below the state average of $74,221, and home values are 32% below the state median of $204,472.
Why Live in Granite Falls, MN?
Granite Falls offers affordable housing with a median home value of $139,700, below the US average of $244,900, and rent that’s lower than the national average at $818/month, and a low poverty rate of 9.3%, better than the national average. Additionally, the city features short commute times averaging just 15.6 minutes.
Potential considerations include median household income ($59,402) that falls below the national average. However, Granite Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Granite Falls has a population of 2,612 with a median age of 41.4 years. Compare Granite Falls with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Granite Falls
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lexington | 2,616 | $72,955 | $282,000 | Compare |
| Osseo | 2,601 | $66,875 | $275,000 | Compare |
| Pelican Rapids | 2,589 | $65,482 | $177,700 | Compare |
| Breezy Point | 2,647 | $85,913 | $301,000 | Compare |
| Crosslake | 2,648 | $85,000 | $540,200 | Compare |
| Glenwood | 2,648 | $45,735 | $181,000 | Compare |
| Wabasha | 2,569 | $62,016 | $212,800 | Compare |
| Foley | 2,685 | $58,092 | $192,600 | 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 Granite Falls
What is the population of Granite Falls, MN?
The population of Granite Falls, MN is 2,612 according to the latest Census data.
What is the median household income in Granite Falls?
The median household income in Granite Falls, MN is $59,402 per year.
What is the median home value in Granite Falls?
The median home value in Granite Falls, MN is $139,700.
What is the average rent in Granite Falls?
The median monthly rent in Granite Falls, MN is $818.
What is the unemployment rate in Granite Falls?
The unemployment rate in Granite Falls, MN is 5.0%.