Grady, NM
Population 106 · New Mexico
About Grady, NM
Grady is a small community located in New Mexico with a population of 106 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,605 per year, which is 9% below the national median of $75,149. The median age of 68.9 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 Grady features a median home value of $104,200, which is 57% below the national median of $244,900. This makes Grady one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $625, 46% below the national average of $1,163/month. Of the 79 total housing units, 23% are owner-occupied (15 units) and 77% are renter-occupied (49 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Grady shows an unemployment rate of 1.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.2%, above the national average of 12.4%. Workers in Grady have an average one-way commute time of 7.7 minutes, one of the shorter commutes in the region.
Education & Demographics
10.6% of Grady 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 4.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
How Grady Ranks in New Mexico
Cost of Living in Grady, NM
Compared to national averages, Grady has a median household income of $68,605 (9% below the national median of $75,149). Home values average $104,200, which is 57% below the national median. Monthly rent at $625 is 46% below the US average of $1,163. Within New Mexico, Grady's income is 2% above the state average of $67,435, and home values are 55% below the state median of $233,762.
Why Live in Grady, NM?
Grady offers affordable housing with a median home value of $104,200, below the US average of $244,900, and rent that’s lower than the national average at $625/month, and a strong job market with an unemployment rate of just 1.5%. Additionally, the city features short commute times averaging just 7.7 minutes.
Potential considerations include median household income ($68,605) that falls below the national average. However, Grady’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grady has a population of 106 with a median age of 68.9 years. Compare Grady with other cities to see how it stacks up, or explore all cities in New Mexico.
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Demographics
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Grady
What is the population of Grady, NM?
The population of Grady, NM is 106 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Grady?
The median household income in Grady, NM is $68,605 per year, which is 9% below the national median of $75,149.
What is the median home value in Grady?
The median home value in Grady, NM is $104,200, which is 57% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Grady?
The median monthly rent in Grady, NM is $625, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Grady?
The unemployment rate in Grady, NM is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grady, NM a good place to live?
Grady offers a moderate cost of living, affordable housing, and a strong job market. With a population of 106 and a median age of 68.9, the city appeals to established professionals and retirees.
How educated is Grady, NM?
10.6% of residents in Grady 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 Grady?
Key cost-of-living indicators for Grady, NM: median home value is $104,200 (57% below national), median rent is $625/month, and median household income is $68,605. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grady?
The poverty rate in Grady, NM is 14.2%, 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 Grady, NM?
Grady's population is 4.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.