Grace, MS
Population 219 · Mississippi
About Grace, MS
Grace is a small community located in Mississippi with a population of 219 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,098 per year, which is 44% below the national median of $75,149. The median age of 42.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Grace features a median home value of $0, which is 100% below the national median of $244,900. This makes Grace one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 55 total housing units, 70% are owner-occupied (33 units) and 30% are renter-occupied (14 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grace shows an unemployment rate of 25.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grace have an average one-way commute time of 10.6 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Grace, MS
Compared to national averages, Grace has a median household income of $42,098 (44% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Mississippi, Grace's income is 16% below the state average of $49,929, and home values are 100% below the state median of $125,705.
Why Live in Grace, MS?
Grace offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 0.0%, better than the national average. Additionally, the city features short commute times averaging just 10.6 minutes.
Potential considerations include median household income ($42,098) 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 219 with a median age of 42.7 years. Compare Grace with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Grace
Cities in Mississippi with a similar population size.
Demographics
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Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Grace
What is the population of Grace, MS?
The population of Grace, MS is 219 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Mississippi.
What is the median household income in Grace?
The median household income in Grace, MS is $42,098 per year, which is 44% below the national median of $75,149.
What is the median home value in Grace?
The median home value in Grace, MS is $0, which is 100% 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, MS is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Grace?
The unemployment rate in Grace, MS is 25.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Grace, MS a good place to live?
Grace offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 219 and a median age of 42.7, the city appeals to a broad range of residents.
How educated is Grace, MS?
0.0% 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, MS: median home value is $0 (100% below national), median rent is $0/month, and median household income is $42,098. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grace?
The poverty rate in Grace, MS is 0.0%, 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, MS?
Grace's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 91.8% two or more races. 0.0% of residents are foreign-born.