Biwabik, MN vs Granite Falls, MN

Biwabik is moderately more affordable than Granite Falls, with a 12% lower cost of living index. Biwabik scores 61 compared to 70 for Granite Falls, where the US average is 100. This difference means residents of Granite Falls can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Biwabik is $725/month compared to $818/month in Granite Falls — a 11% difference. Home values follow the same pattern: Biwabik is more affordable at $109,500 median vs $139,700.

Median household income in Biwabik is $69,620 compared to $59,402 in Granite Falls (+17.2%). Biwabik offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Biwabik spend roughly 12.5% of their income on rent, less than the 16.5% in Granite Falls.