Granite Falls vs Wood Lake

A side-by-side comparison of Granite Falls and Wood Lake: population, income, housing, and more.

Granite Falls and Wood Lake are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Granite Falls has the higher population (2,612 vs 398 in Wood Lake). Wood Lake has the higher median household income ($68,958 vs $59,402 in Granite Falls). Granite Falls has the higher median home value ($139,700 vs $85,000 in Wood Lake).

Population, income & housing

	Granite Falls	Wood Lake
Population	2,612	398
Median age	41.4 yrs	46.5 yrs
Median household income	$59,402	$68,958
Median home value	$139,700	$85,000
Median gross rent	$818	$650
Housing units	1,258	185
Homeownership rate	77.8%	86.7%
Bachelor's degree or higher	23.4%	16.0%
Unemployment rate	5.0%	1.5%

Trends (ACS 5-year, 2019–2023)

	Granite Falls	Wood Lake
Population	2,660 → 2,612 (-1.8%)	423 → 398 (-5.9%)
Median household income	$58,690 → $59,402 (+1.2%)	$49,063 → $68,958 (+40.5%)
Median home value	$125,300 → $139,700 (+11.5%)	$66,900 → $85,000 (+27.1%)
Median gross rent	$583 → $818 (+40.3%)	$488 → $650 (+33.2%)

Granite Falls

Population

2,6602,612

Median household income

$58,690$59,402

Median home value

$125,300$139,700

Median gross rent

$583$818

Wood Lake

Population

423398

Median household income

$49,063$68,958

Median home value

$66,900$85,000

Median gross rent

$488$650

Age & race/ethnicity

Age distribution (share)

	Granite Falls	Wood Lake
Under 5	7.0%	4.0%
5 to 17	12.2%	16.6%
18 to 24	9.4%	7.0%
25 to 34	14.4%	9.8%
35 to 44	10.2%	11.8%
45 to 54	8.7%	17.1%
55 to 64	13.6%	13.8%
65 to 74	9.8%	16.3%
75 and over	14.6%	3.5%

Race & ethnicity (share)

	Granite Falls	Wood Lake
White (non-Hispanic)	78.5%	88.4%
Black or African American	1.9%	1.0%
American Indian & Alaska Native	7.4%	1.3%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	1.8%	5.8%
Hispanic or Latino	10.4%	3.5%

Educational attainment (age 25+)

Share of adults 25+

	Granite Falls	Wood Lake
No high school diploma	12.5%	7.6%
High school graduate	28.9%	33.3%
Some college or associate's	35.2%	43.1%
Bachelor's degree	15.9%	12.8%
Graduate or professional degree	7.5%	3.1%

Commute to work

How workers get to work (share)

	Granite Falls	Wood Lake
Drove alone	80.1%	76.0%
Carpooled	9.3%	11.7%
Public transit	0.0%	0.0%
Walked	5.7%	4.6%
Bicycle	0.0%	0.0%
Worked from home	5.0%	5.1%
Other means	0.0%	2.6%

Housing

Units in structure (share)

	Granite Falls	Wood Lake
1-unit, detached	79.7%	96.2%
1-unit, attached	1.7%	0.0%
2 to 4 units	1.9%	0.0%
5 to 19 units	4.5%	1.6%
20 or more units	7.8%	0.5%
Mobile home & other	4.5%	1.6%

Poverty & households

	Granite Falls	Wood Lake
Poverty rate	9.3%	7.5%
Average household size	2.06	2.20
Mean commute (minutes)	16	28
Median year structure built	1970	1938