Deer River, MN vs Granite Falls, MN

Deer River is moderately more affordable than Granite Falls, with a 10.6% lower cost of living index. Deer River scores 62 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 Deer River is $680/month compared to $818/month in Granite Falls — a 17% difference. Home values follow the same pattern: Deer River is more affordable at $100,000 median vs $139,700.

Median household income in Deer River is $38,029 compared to $59,402 in Granite Falls (-36%). While Granite Falls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Deer River spend roughly 21.5% of their income on rent, more than the 16.5% in Granite Falls.