Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Granite Falls, Minnesota is a small city with a population of 2,699 people. At 90%, the majority of the Granite Falls population is White; this is followed by 5% American Indian and Alaskan and 2% Black. If you prefer shorter commutes, living in Granite Falls will be a delight. With an average one-way commute time of just 16 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Living in Granite Falls can be a good experience for anyone moving to the town. Having said that, in the state of Minnesota, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, cost of living, education, employment and other key data points, finding the best places to live in Granite Falls and in the areas around Granite Falls is a much easier task.
Granite Falls, MN receives 74/100 for its livability score; this results in a ranking of #191 in Minnesota and #4,126 in the USA. Based on the grades for each individual category, Granite Falls has received high marks for crime (A), cost of living (A) and housing (A+). Granite Falls does not do well for the following: amenities (F). It might be wise to take a closer look at each category to find out why.
The unemployment rate in Granite Falls has consistently declined over the years and currently stands well below the national average at 0.5%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Granite Falls has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Granite Falls is actually affordable. Median real estate prices in Granite Falls come in at $227,156, which is 33% lower than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Granite Falls, the home price to income ratio is 3, which is 18.9% lower than the Minnesota average.
| Statistic | Granite Falls | Minnesota | National |
| Average one way commute | 16min | 23min | 26min |
| Workers who drive to work | 79.2% | 78.0% | 76.4% |
| Workers who carpool | 14.2% | 8.7% | 9.3% |
| Workers who take public transit | 0.0% | 3.5% | 5.1% |
| Workers who bicycle | 0.4% | 0.8% | 0.6% |
| Workers who walk | 3.1% | 2.8% | 2.8% |
| Working from home | 3.1% | 5.3% | 4.6% |
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