Living in Graceville, Minnesota
Cost of living, income, home prices, rent and demographics of Graceville · Census data 2020–2024
Graceville has 564 residents with a median age of 48.2. The median household income is $66,111 (26% lower than the Minnesota median), the median home value is $121,400, the median rent is $739/month.
Graceville is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Graceville at a glance
- Population
- 564
- Median age
- 48.2State: 38.8
- Median household income
- $66,111State: $89,062
- Median home value
- $121,400State: $329,300
- Median rent
- $739/moState: $1,280
- Homeowners
- 57.3%
- Bachelor's degree or higher
- 18%
- Average commute
- 16 min
Is Graceville a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 16 minutes; unemployment of 3.2%.
Cons: Median household income 26% lower than the Minnesota median; a poverty rate of 24.9%.
The weather is best in June to September.
Cost of living in Graceville
Housing is the biggest part of the cost of living. In Graceville the median home value is $121,400, 64% lower than the U.S. median. Renters pay a median of $739 per month, which is 26.7% of household income. Homeowners with a mortgage pay $1,292 a month in housing costs.
Graceville median household income
The median household income in Graceville is $66,111 and the income per person is $43,549. 24.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Graceville: homes for sale and rent
- Housing units
- 319
- Owner-occupied
- 57.3%
- Renter-occupied
- 42.7%
- Vacant
- 17.9%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.01
Graceville demographics
- Population
- 564
- Median age
- 48.2
- Under 18
- 21.8%
- 65 and older
- 29.6%
- Households
- 262
- Foreign-born
- 0%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Graceville ›
Education in Graceville
18% of adults 25 and older in Graceville have a bachelor's degree or higher (Minnesota: 39.4%), and 9.5% have a graduate or professional degree.
Jobs and commute in Graceville
- Unemployment rate
- 3.2%State: 4.1%
- Average commute
- 16 minState: 23 min
- Work from home
- 2.2%
- Drive alone
- 76.9%
- Public transit
- 0%
- Walk to work
- 9.3%
- Homes with broadband
- 88.2%
Graceville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Graceville | 564 | $66,111 | $121,400 | $739 |
| Clinton | 281 | $88,750 | $70,000 | $625 |
| Dumont | 140 | $132,708 | $146,600 | — |
| Chokio | 392 | $47,000 | $92,500 | $779 |
| Beardsley | 229 | $64,375 | $77,700 | $613 |
| Wheaton | 1,389 | $45,781 | $87,500 | $609 |
| Big Stone City | 706 | $63,333 | $151,200 | $776 |
| Ortonville | 2,028 | $56,133 | $166,300 | $747 |
| Browns Valley | 382 | $49,250 | $73,800 | — |
More for people moving to Graceville
Graceville ZIP code ›Weather and climate ›Living in Graceville: FAQ
What is the median household income in Graceville, MN?
The median household income in Graceville is $66,111, 26% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Graceville?
The median home value in Graceville is $121,400, compared with $329,300 in Minnesota.
How much is rent in Graceville?
The median gross rent in Graceville is $739 per month, about 26.7% of household income.
Is Graceville, MN a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 16 minutes; unemployment of 3.2%. Minuses: median household income 26% lower than the Minnesota median; a poverty rate of 24.9%.
What is the median age in Graceville?
The median age in Graceville is 48.2 years (Minnesota: 38.8).
How long is the commute in Graceville?
The average commute to work in Graceville is 16 minutes; 2.2% of workers work from home.
What is the unemployment rate in Graceville?
The unemployment rate in Graceville is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Graceville?
18% of adults in Graceville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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