Granite Falls is a very small town located in the state of North Carolina. With a population of 4,942 people and five associated neighborhoods, Granite Falls is the 160th largest community in North Carolina.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.89% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Being a small town, Granite Falls does not have a public transit system used by locals to get to and from work.

In terms of college education, Granite Falls is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 25.62% of adults 25 and older in the town have at least a bachelor's degree.

The per capita income in Granite Falls in 2022 was $33,133, which is middle income relative to North Carolina and the nation. This equates to an annual income of $132,532 for a family of four. However, Granite Falls contains both very wealthy and poor people as well.

Granite Falls is a somewhat ethnically-diverse town. The people who call Granite Falls home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Granite Falls residents report their race to be White, followed by Black or African-American. Important ancestries of people in Granite Falls include German, English, Irish, Polish, and Scots-Irish.

The most common language spoken in Granite Falls is English. Other important languages spoken here include Spanish and Polish.