Cost of living in Granite Falls, Minnesota

Granite Falls, Minnesota has about 2,685 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $136,700.

HUD's fair-market rent for a 2-bedroom in Yellow Medicine County is $1,014 a month. That is the county number, not an apartment listing in Granite Falls. It runs from October 2026 through September 2027.

Minnesota's prices sit at 98.6 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Minnesota taxes wages. A typical combined sales tax is 8.1% as of January 1, 2026. That mix is statewide, not Granite Falls's exact store tax.

In July 2026, a typical Minnesota home paid 17.45¢ per kilowatt-hour. That is a state average from EIA, not Granite Falls's bill.

In 2025, all-grades gas in Minnesota averaged $3.02 a gallon. EIA prints this yearly price for only some states.

Among 338 places we list in Minnesota with a rent figure, 207 have higher typical rent than Granite Falls.