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Granite Falls, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,685
Population
$59,375
Median Income
$136,700
Home Value
40.3
Median Age

Demographics

Granite Falls has a population of 2,685 with a median age of 40.3. Here is the racial and ethnic breakdown of the population:

White
77.1%
Hispanic
12.6%
Other
7.5%
Black
2.5%
Demographic Value
Total Population2,685
Median Age40.3
White77.1%
Black or African American2.5%
Asian0.3%
Hispanic or Latino12.6%
Other / Two or More Races7.5%
Granite Falls, Minnesota — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 77.1%Hispanic/Latino: 12.6%Other: 7.5%Black: 2.5%Other: 0.3%2,685PopulationWhiteWhite77.1%Hispanic/LatinoHispanic/Latino12.6%OtherOther7.5%BlackBlack2.5%OtherOther0.3%

Income & Economy

The median household income in Granite Falls is $59,375, which is 26.3% below the national median of $80,610. The per capita income is $38,349. The poverty rate is 7.7%.

$59,375
Median Household Income
$38,349
Per Capita Income
7.7%
Poverty Rate

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Education

In Granite Falls, 89.4% of residents age 25+ have a high school diploma or higher, and 21.1% hold a bachelor's degree or higher (6.1% with a graduate or professional degree).

HS Diploma+
89.4%
Bachelor's+
21.1%
Graduate+
6.1%
Education Level % of Adults (25+)
High School Diploma or Higher89.4%
Bachelor's Degree or Higher21.1%
Graduate or Professional Degree6.1%

Housing

The median home value in Granite Falls is $136,700, below the national median of $303,400. The median monthly rent is $920. The homeownership rate is 74.5%.

$136,700
Median Home Value
$920/mo
Median Rent
74.5%
Homeownership Rate
Housing Metric Value
Median Home Value$136,700
Median Monthly Rent$920
Homeownership Rate74.5%
Vacancy Rate0.6%

Salaries in Minnesota

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Other Cities in Minnesota

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Frequently Asked Questions

What is the population of Granite Falls, Minnesota?
The population of Granite Falls, Minnesota is 2,685 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Granite Falls, Minnesota?
The median household income in Granite Falls, Minnesota is $59,375. This is 26.3% below the national median of $80,610.
What is the median home value in Granite Falls, Minnesota?
The median home value in Granite Falls, Minnesota is $136,700. The median monthly rent is $920.
What percentage of people in Granite Falls have a college degree?
In Granite Falls, Minnesota, 21.1% of adults age 25 and older hold a bachelor's degree or higher, and 89.4% have a high school diploma or higher.
Is Granite Falls, Minnesota an affordable place to live?
The home price-to-income ratio in Granite Falls, Minnesota is 2.3x (median home value $136,700 vs. median income $59,375), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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