Housing costs in Granite Falls?
A typical home costs
$159,100, which is 52.9% less expensive than the national average of
$338,100 and 48.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Granite Falls costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Granite Falls?
To live comfortably in Granite Falls (zip 56241), Minnesota, a minimum annual income of
$30,600 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Granite Falls?
The cost of living in Granite Falls, MN 56241 is quite reasonable. The median home value is just over $100,000, which is lower than the national average. Additionally, the median rent is slightly over $600 per month and the average cost of groceries and utilities are both slightly below the national averages. This makes Granite Falls a great place to live for those on a budget. Tax rates are also reasonable, with no state income tax and local taxes being just above the national average. In short, Granite Falls is an economical place to live with plenty of quality amenities.