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The highest point in Grafton is the summit of Melvin Mountain, at 2,177 feet (664 m) above sea level. Grafton lies mostly within the Merrimack River watershed, though the western edge of town is in the Connecticut River watershed.As of the census of 2010, there were 1,340 people, 564 households, and 372 families residing in the town.
In the town, the population was spread out with 18.8% under the age of 18, 5.2% from 18 to 24, 23.7% from 25 to 44, 36.5% from 45 to 64, and 14.6% who were 65 years of age or older. At the 2000 census, the median income for a household in the town was ,654, and the median income for a family was ,875. Ph D Diss, Programm-Gymnasiums zum heiligen Kreuz in Dresden, 1866. «Recherches sur la ville de Kara-Korum avec des éclaircissements sur plusieurs points obscurs de la géographie de la Tartarie dans le moyen âge.» . Males had a median income of ,074 versus ,750 for females. About 4.2% of families and 7.9% of the population were below the poverty line, including 10.0% of those under age 18 and 4.1% of those age 65 or over.Grafton is governed by a three-person select board.