Grace, ID
Population 1,345 · Idaho
About Grace, ID
Grace is a small town located in Idaho with a population of 1,345 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,286 per year, which is 8% below the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Grace features a median home value of $180,300, which is 26% below the national median of $244,900. This positions Grace in a moderately priced market relative to the rest of the country. Median monthly rent is $271, 77% below the national average of $1,163/month. Of the 451 total housing units, 85% are owner-occupied (345 units) and 15% are renter-occupied (61 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grace shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grace have an average one-way commute time of 17.4 minutes, one of the shorter commutes in the region.
Education & Demographics
15.1% of Grace residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 22.7% White, 2.8% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 14.6% of the population being foreign-born.
How Grace Ranks in Idaho
Cost of Living in Grace, ID
Compared to national averages, Grace has a median household income of $69,286 (8% below the national median of $75,149). Home values average $180,300, which is 26% below the national median. Monthly rent at $271 is 77% below the US average of $1,163. Within Idaho, Grace's income is 6% above the state average of $65,190, and home values are 34% below the state median of $274,721.
Why Live in Grace, ID?
Grace offers affordable housing with a median home value of $180,300, below the US average of $244,900, and rent that’s lower than the national average at $271/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 4.6%, better than the national average, and short commute times averaging just 17.4 minutes.
Potential considerations include median household income ($69,286) that falls below the national average. However, Grace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grace has a population of 1,345 with a median age of 36.7 years. Compare Grace with other cities to see how it stacks up, or explore all cities in Idaho.
Similar Cities Near Grace
Cities in Idaho with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ashton | 1,329 | $66,250 | $222,300 | Compare |
| Genesee | 1,312 | $78,125 | $298,800 | Compare |
| Sun Valley | 1,383 | $82,045 | $845,600 | Compare |
| Moreland | 1,386 | $60,048 | $260,100 | Compare |
| Avimor | 1,289 | $92,458 | $544,200 | Compare |
| Hansen | 1,414 | $47,396 | $178,600 | Compare |
| Moyie Springs | 1,420 | $61,783 | $326,200 | Compare |
| Glenns Ferry | 1,443 | $51,625 | $189,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Idaho
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Grace With Other Cities
Frequently Asked Questions about Grace
What is the population of Grace, ID?
The population of Grace, ID is 1,345 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Idaho.
What is the median household income in Grace?
The median household income in Grace, ID is $69,286 per year, which is 8% below the national median of $75,149.
What is the median home value in Grace?
The median home value in Grace, ID is $180,300, which is 26% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grace?
The median monthly rent in Grace, ID is $271, which is 77% below the national average of $1,163/month.
What is the unemployment rate in Grace?
The unemployment rate in Grace, ID is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grace, ID a good place to live?
Grace offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,345 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Grace, ID?
15.1% of residents in Grace aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Grace?
Key cost-of-living indicators for Grace, ID: median home value is $180,300 (26% below national), median rent is $271/month, and median household income is $69,286. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grace?
The poverty rate in Grace, ID is 4.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grace, ID?
Grace's population is 22.7% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.0% two or more races. 14.6% of residents are foreign-born.