Granite, UT
Population 813 · Utah
About Granite, UT
Granite is a small community located in Utah with a population of 813 residents according to the latest US Census Bureau American Community Survey data. The median household income is $99,375 per year, which is 32% above the national median of $75,149. The median age of 49.4 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 Granite features a median home value of $978,500, which is 300% above the national median of $244,900. This places Granite in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,672, 44% above the national average of $1,163/month. Of the 277 total housing units, 81% are owner-occupied (195 units) and 19% are renter-occupied (46 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Granite shows an unemployment rate of 13.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Granite have an average one-way commute time of 24 minutes.
Education & Demographics
61.4% of Granite 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 1.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.3% of the population being foreign-born.
How Granite Ranks in Utah
Cost of Living in Granite, UT
Compared to national averages, Granite has a median household income of $99,375 (32% above the national median of $75,149). Home values average $978,500, which is 300% above the national median. Monthly rent at $1,672 is 44% above the US average of $1,163. Within Utah, Granite's income is 12% above the state average of $88,715, and home values are 129% above the state median of $426,386.
Why Live in Granite, UT?
Granite offers a strong local economy with a median household income of $99,375, well above the national average, and a well-educated community where 61.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.6%, better than the national average. Additionally, the city features short commute times averaging just 24 minutes.
Potential considerations include a competitive housing market where the typical home costs $978,500. However, Granite’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Granite has a population of 813 with a median age of 49.4 years. Compare Granite with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Granite
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Paradise | 806 | $95,000 | $497,600 | Compare |
| Green River | 804 | $45,781 | $153,800 | Compare |
| Hinckley | 832 | $80,500 | $167,800 | Compare |
| Goshen | 833 | $93,529 | $246,100 | Compare |
| West Wood | 833 | $78,889 | $419,500 | Compare |
| Corinne | 836 | $74,844 | $370,800 | Compare |
| Hoytsville | 788 | $66,250 | $652,800 | Compare |
| Central | 773 | $81,875 | $350,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Granite With Other Cities
Frequently Asked Questions about Granite
What is the population of Granite, UT?
The population of Granite, UT is 813 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Utah.
What is the median household income in Granite?
The median household income in Granite, UT is $99,375 per year, which is 32% above the national median of $75,149.
What is the median home value in Granite?
The median home value in Granite, UT is $978,500, which is 300% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Granite?
The median monthly rent in Granite, UT is $1,672, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Granite?
The unemployment rate in Granite, UT is 13.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Granite, UT a good place to live?
Granite offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 813 and a median age of 49.4, the city appeals to established professionals and retirees.
How educated is Granite, UT?
61.4% of residents in Granite 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 Granite?
Key cost-of-living indicators for Granite, UT: median home value is $978,500 (300% above national), median rent is $1,672/month, and median household income is $99,375. The home-value-to-income ratio is 9.8x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Granite?
The poverty rate in Granite, UT is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Granite, UT?
Granite's population is 1.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.2% two or more races. 4.3% of residents are foreign-born.