Granite Falls, MN (56241) is conveniently located in the center of Minnesota near the banks of Chippewa River. This small town offers abundance of natural beauty along with a great school system and plenty of amenities. The 2 bedroom rent in Granite Falls is affordable at just $810, much lower than the US average of $1,430. Additionally, grocery cost index in Granite Falls is 96 which is lower than 100 in US. Hence, this city proves to be quite affordable to live in and settle down.
When it comes to job opportunities, Granite Falls has several companies like Prairie's Edge Casino Resort, United Hospital Districts, Glacial Ridge Health System and L & M Radiator that are offering quality jobs to locals. These companies focus on providing excellent customer service and workplace satisfaction that makes them popular employers in the area.
Overall, Granite Falls has everything one needs for an ideal life—affordable housing options combined with plenty of job opportunities and more importantly a friendly and welcoming community that always looks for ways to help each other out.
Granite Falls (zip 56241) has an unemployment rate of 4.4%. The US average is 6.0%.
Granite Falls (zip 56241) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Granite Falls (zip 56241)
- The Sales Tax Rate for Granite Falls (zip 56241) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Granite Falls (zip 56241) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Granite Falls (zip 56241)
- The average income of a Granite Falls (zip 56241) resident is $28,598 a year. The US average is $28,555 a year.
- The Median household income of a Granite Falls (zip 56241) resident is $59,594 a year. The US average is $69,021 a year.