Living in Granite Falls, North Carolina
Cost of living, income, home prices, rent and demographics of Granite Falls · Census data 2020–2024
Granite Falls has 4,929 residents with a median age of 40.7. The median household income is $56,917 (21% lower than the North Carolina median), the median home value is $202,400, the median rent is $905/month.
Granite Falls at a glance
- Population
- 4,929
- Median age
- 40.7State: 39.1
- Median household income
- $56,917State: $72,388
- Median home value
- $202,400State: $288,900
- Median rent
- $905/moState: $1,228
- Homeowners
- 66.3%
- Bachelor's degree or higher
- 25.6%
- Average commute
- 24 min
Is Granite Falls a good place to live?
Pros: Home values 30% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 21% lower than the North Carolina median; unemployment of 6.8%; a poverty rate of 17.2%.
The weather is best in April–May and September–October.
Cost of living in Granite Falls
Housing is the biggest part of the cost of living. In Granite Falls the median home value is $202,400, 39% lower than the U.S. median. Renters pay a median of $905 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,298 a month in housing costs.
Granite Falls median household income
The median household income in Granite Falls is $56,917 and the income per person is $33,133. 17.2% of residents live below the poverty line (North Carolina: 13%).
Housing in Granite Falls: homes for sale and rent
- Housing units
- 1,795
- Owner-occupied
- 66.3%
- Renter-occupied
- 33.7%
- Vacant
- 4%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.78
Granite Falls demographics
- Population
- 4,929
- Median age
- 40.7
- Under 18
- 24.7%
- 65 and older
- 18.4%
- Households
- 1,724
- Foreign-born
- 2.9%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Granite Falls ›
Education in Granite Falls
25.6% of adults 25 and older in Granite Falls have a bachelor's degree or higher (North Carolina: 35.7%), and 9.9% have a graduate or professional degree.
Jobs and commute in Granite Falls
- Unemployment rate
- 6.8%State: 4.7%
- Average commute
- 24 minState: 25 min
- Work from home
- 8.9%
- Drive alone
- 86.1%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 97.9%
Granite Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Granite Falls | 4,929 | $56,917 | $202,400 | $905 |
| Rhodhiss | 1,166 | $63,125 | $134,700 | $846 |
| Sawmills | 5,042 | $71,067 | $219,600 | $730 |
| Northlakes | 1,716 | $101,250 | $366,500 | — |
| Hudson | 3,772 | $65,268 | $223,000 | $549 |
| Connelly Springs | 2,427 | $54,620 | $206,500 | $884 |
| Icard | 2,153 | $44,641 | $141,800 | $842 |
| Hildebran | 2,207 | $55,703 | $193,900 | $809 |
| Long View | 5,011 | $46,739 | $157,300 | $794 |
More for people moving to Granite Falls
Granite Falls ZIP code ›Weather and climate ›Living in Granite Falls: FAQ
What is the median household income in Granite Falls, NC?
The median household income in Granite Falls is $56,917, 21% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Granite Falls?
The median home value in Granite Falls is $202,400, compared with $288,900 in North Carolina.
How much is rent in Granite Falls?
The median gross rent in Granite Falls is $905 per month, about 28.8% of household income.
Is Granite Falls, NC a good place to live?
Pluses: home values 30% lower than the state median; an average commute of 24 minutes. Minuses: median household income 21% lower than the North Carolina median; unemployment of 6.8%; a poverty rate of 17.2%.
What is the median age in Granite Falls?
The median age in Granite Falls is 40.7 years (North Carolina: 39.1).
How long is the commute in Granite Falls?
The average commute to work in Granite Falls is 24 minutes; 8.9% of workers work from home.
What is the unemployment rate in Granite Falls?
The unemployment rate in Granite Falls is 6.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Granite Falls?
25.6% of adults in Granite Falls 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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