Grants, NM
Population 9,106 · New Mexico
About Grants, NM
Grants is a small town located in New Mexico with a population of 9,106 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,286 per year, which is 34% below the national median of $75,149. The median age of 33.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Grants features a median home value of $123,600, which is 50% below the national median of $244,900. This makes Grants one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $750, 36% below the national average of $1,163/month. Of the 3,445 total housing units, 56% are owner-occupied (1,650 units) and 44% are renter-occupied (1,296 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Grants shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 30.5%, above the national average of 12.4%. Workers in Grants have an average one-way commute time of 14.5 minutes, one of the shorter commutes in the region.
Education & Demographics
23.9% of Grants residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 27.3% White, 18.0% Hispanic or Latino, 0.3% Black or African American, and 32.4% Asian residents, with 5.7% of the population being foreign-born.
How Grants Ranks in New Mexico
Cost of Living in Grants, NM
Compared to national averages, Grants has a median household income of $49,286 (34% below the national median of $75,149). Home values average $123,600, which is 50% below the national median. Monthly rent at $750 is 36% below the US average of $1,163. Within New Mexico, Grants's income is 27% below the state average of $67,435, and home values are 47% below the state median of $233,762.
Why Live in Grants, NM?
Grants offers affordable housing with a median home value of $123,600, below the US average of $244,900, and rent that’s lower than the national average at $750/month, and short commute times averaging just 14.5 minutes.
Potential considerations include median household income ($49,286) that falls below the national average. However, Grants’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grants has a population of 9,106 with a median age of 33.8 years. Compare Grants with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Grants
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bernalillo | 9,068 | $61,624 | $237,100 | Compare |
| Anthony | 8,701 | $33,141 | $110,800 | Compare |
| Silver City | 9,574 | $39,025 | $160,900 | Compare |
| Corrales | 8,557 | $114,207 | $549,700 | Compare |
| Socorro | 8,540 | $51,343 | $162,400 | Compare |
| Shiprock | 8,339 | $41,563 | $101,500 | Compare |
| Española | 10,472 | $47,664 | $205,100 | Compare |
| Ruidoso | 7,701 | $50,259 | $229,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Grants With Other Cities
Frequently Asked Questions about Grants
What is the population of Grants, NM?
The population of Grants, NM is 9,106 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Mexico.
What is the median household income in Grants?
The median household income in Grants, NM is $49,286 per year, which is 34% below the national median of $75,149.
What is the median home value in Grants?
The median home value in Grants, NM is $123,600, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grants?
The median monthly rent in Grants, NM is $750, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Grants?
The unemployment rate in Grants, NM is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Grants, NM a good place to live?
Grants offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 9,106 and a median age of 33.8, the city appeals to young professionals and families.
How educated is Grants, NM?
23.9% of residents in Grants 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 Grants?
Key cost-of-living indicators for Grants, NM: median home value is $123,600 (50% below national), median rent is $750/month, and median household income is $49,286. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grants?
The poverty rate in Grants, NM is 30.5%, 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 Grants, NM?
Grants's population is 27.3% White, 18.0% Hispanic or Latino, 0.3% Black or African American, 32.4% Asian, and 1.6% two or more races. 5.7% of residents are foreign-born.