Living in Grady, New Mexico
Cost of living, income, home prices, rent and demographics of Grady · Census data 2020–2024
Grady has 99 residents with a median age of 69. The median household income is $71,101 (11% higher than the New Mexico median), the median rent is $525/month.
Grady is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Grady at a glance
- Population
- 99
- Median age
- 69State: 39.4
- Median household income
- $71,101State: $64,059
- Median rent
- $525/moState: $1,067
- Homeowners
- 15.9%
- Bachelor's degree or higher
- 16.5%
- Average commute
- 10 min
Is Grady a good place to live?
Pros: Median household income 11% higher than the New Mexico median; an average commute of 10 minutes; a poverty rate of 7.1%.
The weather is best in April–May and September–October.
Cost of living in Grady
Housing is the biggest part of the cost of living. In Grady the median home value is —. Renters pay a median of $525 per month, which is 51% of household income. Homeowners with a mortgage pay $917 a month in housing costs.
Grady median household income
The median household income in Grady is $71,101 and the income per person is $40,586. 7.1% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Grady: homes for sale and rent
- Housing units
- 72
- Owner-occupied
- 15.9%
- Renter-occupied
- 84.1%
- Vacant
- 12.5%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 1.57
Grady demographics
- Population
- 99
- Median age
- 69
- Under 18
- 8.1%
- 65 and older
- 68.7%
- Households
- 63
- Foreign-born
- 0%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Grady ›
Education in Grady
16.5% of adults 25 and older in Grady have a bachelor's degree or higher (New Mexico: 31%), and 4.4% have a graduate or professional degree.
Jobs and commute in Grady
- Unemployment rate
- 0%State: 6%
- Average commute
- 10 minState: 24 min
- Work from home
- 1.5%
- Drive alone
- 31.3%
- Public transit
- 0%
- Walk to work
- 64.2%
- Homes with broadband
- 100%
Grady vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Grady | 99 | $71,101 | — | $525 |
| Clovis | 37,942 | $54,820 | $169,400 | $988 |
| Cannon AFB | 2,405 | $63,000 | — | $1,206 |
| Bovina | 1,488 | $48,500 | $113,700 | $1,033 |
| Melrose | 447 | $32,750 | $78,500 | $833 |
| Tucumcari | 5,160 | $31,844 | $64,100 | $704 |
| Texico | 967 | $65,000 | $95,900 | $973 |
| Farwell | 1,306 | $56,875 | $149,000 | $1,338 |
| Friona | 4,102 | $66,801 | $125,500 | $1,038 |
More for people moving to Grady
Grady ZIP code ›Weather and climate ›Living in Grady: FAQ
What is the median household income in Grady, NM?
The median household income in Grady is $71,101, 11% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How much is rent in Grady?
The median gross rent in Grady is $525 per month, about 51% of household income.
Is Grady, NM a good place to live?
Pluses: median household income 11% higher than the New Mexico median; an average commute of 10 minutes; a poverty rate of 7.1%.
What is the median age in Grady?
The median age in Grady is 69 years (New Mexico: 39.4).
How long is the commute in Grady?
The average commute to work in Grady is 10 minutes; 1.5% of workers work from home.
What is the unemployment rate in Grady?
The unemployment rate in Grady is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Grady?
16.5% of adults in Grady 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.
Last updated: