Living in Grace, Idaho
Cost of living, income, home prices, rent and demographics of Grace · Census data 2020–2024
Grace has 1,349 residents with a median age of 39.5. The median household income is $72,885 (6% lower than the Idaho median), the median home value is $189,500, the median rent is $883/month.
Grace is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Grace at a glance
- Population
- 1,349
- Median age
- 39.5State: 37.3
- Median household income
- $72,885State: $77,800
- Median home value
- $189,500State: $418,600
- Median rent
- $883/moState: $1,238
- Homeowners
- 85.8%
- Bachelor's degree or higher
- 14.3%
- Average commute
- 16 min
Is Grace a good place to live?
Pros: Home values 55% lower than the state median; an average commute of 16 minutes; unemployment of 2.3%.
Cons: Median household income 6% lower than the Idaho median; a poverty rate of 13.8%.
The weather is best in June to September.
Cost of living in Grace
Housing is the biggest part of the cost of living. In Grace the median home value is $189,500, 43% lower than the U.S. median. Renters pay a median of $883 per month, which is 14.1% of household income. Homeowners with a mortgage pay $1,250 a month in housing costs.
Grace median household income
The median household income in Grace is $72,885 and the income per person is $30,466. 13.8% of residents live below the poverty line (Idaho: 10.6%).
Housing in Grace: homes for sale and rent
- Housing units
- 453
- Owner-occupied
- 85.8%
- Renter-occupied
- 14.3%
- Vacant
- 11.7%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 3.37
Grace demographics
- Population
- 1,349
- Median age
- 39.5
- Under 18
- 28.5%
- 65 and older
- 13%
- Households
- 400
- Foreign-born
- 18.8%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Grace ›
Education in Grace
14.3% of adults 25 and older in Grace have a bachelor's degree or higher (Idaho: 31.8%), and 5.4% have a graduate or professional degree.
Jobs and commute in Grace
- Unemployment rate
- 2.3%State: 3.7%
- Average commute
- 16 minState: 22 min
- Work from home
- 5.8%
- Drive alone
- 78.1%
- Public transit
- 0%
- Walk to work
- 1.9%
- Homes with broadband
- 95.3%
Grace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Grace | 1,349 | $72,885 | $189,500 | $883 |
| Soda Springs | 3,158 | $57,361 | $241,400 | $843 |
| Bancroft | 250 | $78,281 | $164,200 | $1,104 |
| Georgetown | 739 | $70,179 | $197,700 | $950 |
| Downey | 803 | $56,667 | $173,800 | $865 |
| Arimo | 351 | $67,857 | $235,700 | — |
| McCammon | 909 | $66,250 | $296,300 | $973 |
| Montpelier | 2,694 | $61,375 | $240,300 | $535 |
| Paris | 562 | $95,000 | $267,300 | $1,069 |
More for people moving to Grace
Grace ZIP code ›Weather and climate ›Living in Grace: FAQ
What is the median household income in Grace, ID?
The median household income in Grace is $72,885, 6% lower than the Idaho median of $77,800 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Grace?
The median home value in Grace is $189,500, compared with $418,600 in Idaho.
How much is rent in Grace?
The median gross rent in Grace is $883 per month, about 14.1% of household income.
Is Grace, ID a good place to live?
Pluses: home values 55% lower than the state median; an average commute of 16 minutes; unemployment of 2.3%. Minuses: median household income 6% lower than the Idaho median; a poverty rate of 13.8%.
What is the median age in Grace?
The median age in Grace is 39.5 years (Idaho: 37.3).
How long is the commute in Grace?
The average commute to work in Grace is 16 minutes; 5.8% of workers work from home.
What is the unemployment rate in Grace?
The unemployment rate in Grace is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Grace?
14.3% of adults in Grace have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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