Grenville, NM
Population 40 · New Mexico
About Grenville, NM
Grenville is a small community located in New Mexico with a population of 40 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,167 per year, which is 52% above the national median of $75,149. The median age of 58.6 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 Grenville features a median home value of $107,500, which is 56% below the national median of $244,900. This makes Grenville 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 12 total housing units, 75% are owner-occupied (9 units) and 25% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grenville shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grenville have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
31.4% of Grenville 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 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.
How Grenville Ranks in New Mexico
Cost of Living in Grenville, NM
Compared to national averages, Grenville has a median household income of $114,167 (52% above the national median of $75,149). Home values average $107,500, which is 56% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Grenville's income is 69% above the state average of $67,435, and home values are 54% below the state median of $233,762.
Why Live in Grenville, NM?
Grenville offers a strong local economy with a median household income of $114,167, well above the national average, and affordable housing with a median home value of $107,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 7.5%, better than the national average, and short commute times averaging just 0 minutes.
Grenville has a population of 40 with a median age of 58.6 years. Compare Grenville 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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Economy & Education
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Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Grenville
What is the population of Grenville, NM?
The population of Grenville, NM is 40 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 Grenville?
The median household income in Grenville, NM is $114,167 per year, which is 52% above the national median of $75,149.
What is the median home value in Grenville?
The median home value in Grenville, NM is $107,500, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grenville?
The median monthly rent in Grenville, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Grenville?
The unemployment rate in Grenville, NM is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Grenville, NM a good place to live?
Grenville offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 40 and a median age of 58.6, the city appeals to established professionals and retirees.
How educated is Grenville, NM?
31.4% of residents in Grenville 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 Grenville?
Key cost-of-living indicators for Grenville, NM: median home value is $107,500 (56% below national), median rent is $0/month, and median household income is $114,167. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grenville?
The poverty rate in Grenville, NM is 7.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grenville, NM?
Grenville's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.