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The total population of Granite Falls is estimated to be 2,423 with 1,232 males (50.85%) and 1,191 females (49.15%). There are 41 less females than males in Granite Falls.
The median household income in Granite Falls was $57,917 in 2021, which marked an an increase of 120(0.21%) from $57,797 in 2020. This income is 77.63% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Granite Falls sees its highest median household income among householders in the age group of 45 to 64 years old, at $85,573. Overall, the median household income for the city of Granite Falls stands at $57,917.
In Granite Falls, the median income for all workers aged 15 years and older, regardless of work hours, was $46,077 for males and $24,731 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,612 for males and $44,411 for females.
In Granite Falls, there are just two different racial groups among households. Among these, American Indian and Alaska Native households report a median household income of $65,895, while White households have a median household income of $57,969.
In 2022, the population of Granite Falls was 2,697, a 0.15% decrease year-by-year from 2021. Previously, in 2021, Granite Falls's population was 2,701, a decline of 1.03% compared to a population of 2,729 in 2020.
The median age in Granite Falls, MN is 42.4, as per 2021 ACS 5-Year Estimates. Of the total population, 16.26% were under the age of 15, 21.09% aged 15 to 29, 36.94% aged 30 to 64, 20.72% aged 65 to 84, and 4.99% were 85 years of age and older.
Racial distribution of Granite Falls population: 89.58% are White, 2.11% are Black or African American, 6.08% are American Indian and Alaska Native and 2.23% are multiracial.