Grant City, MO
Population 993 · Missouri
About Grant City, MO
Grant City is a small community located in Missouri with a population of 993 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,250 per year, which is 45% below the national median of $75,149. The median age of 38.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Grant City features a median home value of $74,100, which is 70% below the national median of $244,900. This makes Grant City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $315, 73% below the national average of $1,163/month. Of the 467 total housing units, 77% are owner-occupied (269 units) and 23% are renter-occupied (82 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grant City shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 28.4%, above the national average of 12.4%. Workers in Grant City have an average one-way commute time of 26.2 minutes.
Education & Demographics
10.3% of Grant City 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 0.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 0.6% of the population being foreign-born.
How Grant City Ranks in Missouri
Cost of Living in Grant City, MO
Compared to national averages, Grant City has a median household income of $41,250 (45% below the national median of $75,149). Home values average $74,100, which is 70% below the national median. Monthly rent at $315 is 73% below the US average of $1,163. Within Missouri, Grant City's income is 32% below the state average of $61,047, and home values are 51% below the state median of $150,786.
Why Live in Grant City, MO?
Grant City offers affordable housing with a median home value of $74,100, below the US average of $244,900, and rent that’s lower than the national average at $315/month, and a strong job market with an unemployment rate of just 2.1%.
Potential considerations include median household income ($41,250) that falls below the national average. However, Grant City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grant City has a population of 993 with a median age of 38.3 years. Compare Grant City with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Grant City
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laurie | 992 | $46,667 | $185,800 | Compare |
| Reeds Spring | 992 | $54,565 | $175,700 | Compare |
| Exeter | 997 | $48,214 | $106,300 | Compare |
| Flint Hill | 980 | $79,688 | $379,800 | Compare |
| La Monte | 978 | $63,021 | $104,800 | Compare |
| Truesdale | 978 | $62,500 | $199,500 | Compare |
| Seligman | 974 | $45,052 | $85,000 | Compare |
| New Franklin | 1,015 | $53,056 | $117,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Grant City With Other Cities
Frequently Asked Questions about Grant City
What is the population of Grant City, MO?
The population of Grant City, MO is 993 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Grant City?
The median household income in Grant City, MO is $41,250 per year, which is 45% below the national median of $75,149.
What is the median home value in Grant City?
The median home value in Grant City, MO is $74,100, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grant City?
The median monthly rent in Grant City, MO is $315, which is 73% below the national average of $1,163/month.
What is the unemployment rate in Grant City?
The unemployment rate in Grant City, MO is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grant City, MO a good place to live?
Grant City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 993 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Grant City, MO?
10.3% of residents in Grant City 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 Grant City?
Key cost-of-living indicators for Grant City, MO: median home value is $74,100 (70% below national), median rent is $315/month, and median household income is $41,250. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grant City?
The poverty rate in Grant City, MO is 28.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Grant City, MO?
Grant City's population is 0.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.1% two or more races. 0.6% of residents are foreign-born.