Is Grimsby a Good Place to Live?
Based on current data, Grimsby receives an overall livability score of 2.9 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Grimsby has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Grimsby is $104,000, which is significantly higher than the national average — 38% above $75,149. This places Grimsby among higher-income communities. At 10.3%, unemployment is notably high. Only 5.2% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 28 minutes.
Cost of Living & Housing
The median home value in Grimsby is $780,000, making it a premium housing market at 177% above the U.S. median of $281,900. Renters pay a median of $1,620 per month, significantly above the national average of $1,163. With a home price-to-income ratio of 7.5x, housing affordability is a significant challenge for many families.
Education
18.0% of residents hold a bachelor's degree, below the national average of 33.7%. 27.4% have completed high school.
Climate & Weather
Grimsby experiences four distinct seasons with an average temperature of 50°F. Winters average 27°F in January while summers reach 73°F in July. Annual precipitation totals 37.3 inches, including 41.5 inches of snow.