ZIP Code 56241 -- Granite falls, MN
Yellow Medicine | 2024 American Community Survey Data
Key Insights
- With a price-to-income ratio of 2.3x, housing here is relatively affordable compared to the recommended 3-5x benchmark.
Quick Overview
About ZIP Code 56241
ZIP code 56241 in Granite Falls, Minnesota is a unknown area with a population of 3,933. The median household income is $66,875, which is This is 11% below the national median of $75,000.. The median home value is $155,600, representing a price-to-income ratio of 2.3x . The cost of living is significantly below average with an index of 62.1 (the national average is 100). Residents have a median age of 41.00 years. Approximately 20.4% of adults hold a bachelor's degree or higher. This ZIP code is located in Yellow Medicine, MN.
Population & Age
Age Distribution
Race & Ethnicity
Racial Composition
Income & Economy
This is 11% below the national median of $75,000.
Income Distribution
Housing
Affordable housing market
Ownership vs Rental
Education
Employment & Commuting
How People Get to Work
Cost of Living Index
The cost of living in ZIP code 56241 is 37.9% below the national average of 100.
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Frequently Asked Questions about ZIP Code 56241
ZIP code 56241 (Granite falls, MN) has a total population of 3,933 according to the 2024 American Community Survey. The median age is 41.00 years.
The median household income in ZIP code 56241 is $66,875 per year, based on 2024 Census Bureau data. This is 11% below the national median of $75,000.
ZIP code 56241 is primarily located in Granite falls, Minnesota (MN). It falls within Yellow Medicine County.
The median home value in ZIP code 56241 is $155,600, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $863.
The median age in ZIP code 56241 is 41.00 years, compared to the national median of 38.9 years. This makes the area older than the national average.
ZIP code 56241 has a cost of living index of 62.11 (national average = 100). This means the cost of living is significantly below average compared to the national average.
In ZIP code 56241, 20.41% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 5.77% hold a graduate or professional degree.
The unemployment rate in ZIP code 56241 is 6.89%, which is above the national average of 3.6%. About 6.15% of workers work from home.
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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.