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Granite Falls, Minnesota

city · Yellow Medicine County (primary) , Chippewa County

At a glance

2,685
Population
$136,700
Median home value (all homes)
55% below U.S. median
$152,674
Typical market value
Zillow, 2026-07
$920/mo
Median rent
32% below U.S. median
$59,375
Median household income
24% below U.S. median
17.1 min
Average commute
87.3%
Homes with broadband
10.02%
Locations with fiber available
4.7%
Unemployment

Cost of living (Clay Affordability Index)

CAI 85 — 15% below the national average. how it's computed

Housing37% below
Goods & services6% below
Utilities12% above
Taxes12% below
Insurance6% below
Commute cost39% below
For business: Minnesota is CBII band 3/5 · time to build band 4/5. See state page for the breakdown.

Living here

Nearest 4-year college27 mi
Nearest community college1 mi
Nearest technical college81 mi
High school graduates89.4%
College graduates21.1%

Doing business here

Economic development contacts, most local first:

state Arrowhead Regional Development Commission
ARDC is a multi-disciplined planning and development organization serving the seven-county Arrowhead Region in northeast Minnesota. Its mission is to provide local units of government and citizen groups a means to work cooperatively in identifying needs, solving problems, and fostering local leadership to promote economic growth.
state Economic Dev Association of Minnesota
EDAM champions economic development through education, collaboration and advocacy. It is a state-wide association of professionals who specialize in economic development, with members in public, private, and nonprofit sectors who stay informed and connected to current economic development strategies and best practices.
state Minnesota Dept of Empl & Economic Dev
Minnesota's state agency that provides employment services, workforce development, unemployment insurance support, business financing, and economic development programs for residents and businesses.
state Minnesota Power Economic Development
Minnesota Power has the resources, connections and experience to help companies find sites and secure capital for expansion and relocation projects in our service area. It also provides private sector leadership in economic development.
state North Saint Paul Economic Development
The North St. Paul Economic Development Authority (EDA) was established to precipitate future development, increase the tax base, promote employment, and enhance the overall quality of life in North St. Paul; it sets goals, meets regularly, and can provide momentum and a vision for economic development.
State sales taxYes
State income taxYes
Right-to-work stateNo

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