As of 2024 the population of Grandfalls is 334. The population is expected to shrink to 324 by 2029 - a growth rate of -0.61%.
The median age of Grandfalls residents is 37.
The diversity index of Grandfalls is 76.7, meaning that there is a 77% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Grandfalls is $85,352 and projected to be $92,475 in 2029. Per capita income is $29,388, projected to be $31,967 in 2029. 1.8% of households – 6 – have an income of $200,000 or higher. Average net worth is $732,666 and the average disposable income is $70,361.
There are 137 housing units in Grandfalls; 95 are owner-occupied, 20 are rented, and 22 are vacant. The average home value is $184,737, with 11 homes built in 2010 or later, and 14 built in 1939 or earlier.
There are 24 businesses in Grandfalls, employing 183 workers and pulling from a labor force of 59 age 16 and above. 13 workers commute into Grandfalls from outside the county or state. Key industries for the area include:
46 residents both live and work in/around Grandfalls. The average travel time is 0.0 minutes. 10.87% people have a commute of less than 5 minutes while 15.22% commute 90 minutes or more each way. Of commuters, 53 drive alone, 6 carpool, and 0 take public transportation. 0 use other modes of transport such as motorcycle, bicycle, walking, etc. 0 residents work from home.
79 members of the workforce hold a high school diploma or GED. 9 have associates degrees, 21 have bachelor’s degrees, and 15 hold a graduate or professional degree.
