Grant, MN
Population 3,959 · Minnesota
About Grant, MN
Grant is a small town located in Minnesota with a population of 3,959 residents according to the latest US Census Bureau American Community Survey data. The median household income is $145,357 per year, which is 93% above the national median of $75,149. The median age of 42.1 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 Grant features a median home value of $622,000, which is 154% above the national median of $244,900. This places Grant in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 1,381 total housing units, 91% are owner-occupied (1,221 units) and 9% are renter-occupied (119 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grant shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grant have an average one-way commute time of 23.5 minutes.
Education & Demographics
56.5% of Grant residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.7% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 2.5% of the population being foreign-born.
How Grant Ranks in Minnesota
Cost of Living in Grant, MN
Compared to national averages, Grant has a median household income of $145,357 (93% above the national median of $75,149). Home values average $622,000, which is 154% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Grant's income is 96% above the state average of $74,221, and home values are 204% above the state median of $204,472.
Why Live in Grant, MN?
Grant offers a strong local economy with a median household income of $145,357, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a well-educated community where 56.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.4%, better than the national average, and short commute times averaging just 23.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $622,000. However, Grant’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grant has a population of 3,959 with a median age of 42.1 years. Compare Grant with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Grant
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Scandia | 3,966 | $100,179 | $471,900 | Compare |
| Bayport | 3,948 | $115,781 | $363,200 | Compare |
| Centerville | 3,915 | $119,361 | $364,700 | Compare |
| St. Charles | 4,021 | $96,544 | $231,300 | Compare |
| Norwood Young America | 3,866 | $67,857 | $289,400 | Compare |
| Zumbrota | 3,843 | $96,818 | $235,800 | Compare |
| Montrose | 3,840 | $98,832 | $260,100 | Compare |
| Deephaven | 3,835 | $175,441 | $854,000 | 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.
Compare Grant With Other Cities
Frequently Asked Questions about Grant
What is the population of Grant, MN?
The population of Grant, MN is 3,959 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Grant?
The median household income in Grant, MN is $145,357 per year, which is 93% above the national median of $75,149.
What is the median home value in Grant?
The median home value in Grant, MN is $622,000, which is 154% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grant?
The median monthly rent in Grant, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Grant?
The unemployment rate in Grant, MN is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grant, MN a good place to live?
Grant offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,959 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Grant, MN?
56.5% of residents in Grant aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Grant?
Key cost-of-living indicators for Grant, MN: median home value is $622,000 (154% above national), median rent is $0/month, and median household income is $145,357. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Grant?
The poverty rate in Grant, MN is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grant, MN?
Grant's population is 0.7% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.0% two or more races. 2.5% of residents are foreign-born.