Granite Falls, MN Employment - Median Household Income, Unemployment Rate

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C

2%

Income/capita NAT. AVG.

8%

Household income NAT. AVG.

91%

Unemployment NAT. AVG.

Index	Granite Falls	Minnesota	National
Income per capita	$29,296	$33,225	$29,829
Median household income	$51,006	$63,217	$55,322
Median income owner occupied	$73,875	$77,618	$70,586
Median income renter occupied	$18,929	$34,348	$35,192
Median earnings male	$34,522	$40,933	$36,919
Median earnings female	$23,948	$29,114	$26,250
Unemployment rate	0.4%	3.4%	4.7%
Poverty level	13.1%	10.8%	15.1%

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Key findings

The income per capita in Granite Falls is 2% lower than the national average
The median household income in Granite Falls is 8% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Granite Falls is 91% lower than the national average
The poverty level in Granite Falls is 14% lower than the national average

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am i middle class

$34,000 $51,006 $102,012

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Granite Falls median earnings by income bracket

Granite Falls employment by industry

Labour Type	Male	Female
Construction industry	12.7%	12.7%
Manufacturing sector	11.5%	11.5%
Financial & insurance services	6.0%	6.0%
Wholesale & retail services	9.5%	9.5%
Public administration	6.0%	6.0%
Transportation, warehousing & utilities	4.7%	4.7%
Education, health & social services	22.0%	22.0%
Other	23.5%	23.5%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Cottonwood, MN	1,180	$61,625	11.4%
Wood Lake, MN	381	$60,000	8.5%
Watson, MN	178	$58,295	5.4%
Raymond, MN	779	$54,960	0.7%
Hazel Run, MN	92	$53,542	3.2%
Granite Falls, MN	2,636	$51,006	7.8%

Cities with similar population

City	Population	Household Income	National Avg.
Ferme-Neuve, QC	2,636	n/a
Farm Loop, AK	2,637	$104,200	88.4%
Ocean View, DE	2,637	$75,852	37.1%
Reno city (Parker and Tarrant Counties), TX	2,637	$54,904	0.8%
Pearisburg, VA	2,637	$67,926	22.8%
Granite Falls, MN	2,636	$51,006	7.8%

Source: The Granite Falls, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).