Living in Gray, Iowa
Cost of living, income, home prices, rent and demographics of Gray · Census data 2020–2024
Gray has 70 residents with a median age of 20. The median household income is $59,250 (21% lower than the Iowa median), the median home value is $53,300.
Gray is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Gray at a glance
- Population
- 70
- Median age
- 20State: 38.6
- Median household income
- $59,250State: $75,059
- Median home value
- $53,300State: $208,000
- Homeowners
- 78.3%
- Bachelor's degree or higher
- 3.4%
Is Gray a good place to live?
Pros: Home values 74% lower than the state median.
Cons: Median household income 21% lower than the Iowa median; a poverty rate of 13.2%.
The weather is best in June to September.
Cost of living in Gray
Housing is the biggest part of the cost of living. In Gray the median home value is $53,300, 84% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $950 a month in housing costs.
Gray median household income
The median household income in Gray is $59,250 and the income per person is $19,447. 13.2% of residents live below the poverty line (Iowa: 11.1%).
Housing in Gray: homes for sale and rent
- Housing units
- 40
- Owner-occupied
- 78.3%
- Renter-occupied
- 21.7%
- Vacant
- 42.5%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.04
42.5% of homes are vacant most of the year, a sign that Gray has many vacation and second homes.
Gray demographics
- Population
- 70
- Median age
- 20
- Under 18
- 50%
- 65 and older
- 21.4%
- Households
- 23
- Foreign-born
- 0%
- Veterans
- 22.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Gray ›
Education in Gray
3.4% of adults 25 and older in Gray have a bachelor's degree or higher (Iowa: 31.4%), and 0% have a graduate or professional degree.
Jobs and commute in Gray
- Unemployment rate
- 0%State: 3.6%
- Average commute
- —State: 20 min
- Work from home
- 41.7%
- Drive alone
- 58.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Gray vs nearby towns
More for people moving to Gray
Gray ZIP code ›Weather and climate ›Living in Gray: FAQ
What is the median household income in Gray, IA?
The median household income in Gray is $59,250, 21% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Gray?
The median home value in Gray is $53,300, compared with $208,000 in Iowa.
Is Gray, IA a good place to live?
Pluses: home values 74% lower than the state median. Minuses: median household income 21% lower than the Iowa median; a poverty rate of 13.2%.
What is the median age in Gray?
The median age in Gray is 20 years (Iowa: 38.6).
What is the unemployment rate in Gray?
The unemployment rate in Gray is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Gray?
3.4% of adults in Gray have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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