Median Income
$57,125
24% lower than US avg
Home Value
$51,700
82% lower than US avg
Bachelor's+
5.4%
84% lower than US avg
Unemployment
0.0%
100% lower than US avg
Poverty Rate
0.0%
100% lower than US avg
How Gray Compares to the U.S. Average (100% = U.S. avg)
People
Population70
Median Age33.0 yrs
Density70/mi²
Male / Female69% / 31%
Largest GroupWhite 87%
Veterans37.0%
Economy
A
Median Income$57,125
Per Capita$23,050
Unemployment0.0%
Poverty0.0%
County GDP$473M
Housing
A+
Home Value$51,700
RentN/A
OwnershipN/A
Housing Units38
Rent Burden26.7%
Climate
Avg Temp47°F (8°C)
AQI43 (Good)
Rain35.0 in/yr
Sunny Days275/yr
Elevation1,362 ft (415 m)
Education
F
Bachelor's+5.4%
High School+94.6%
Graduate+0.0%
School Score5.93
Community
2024 VoteR 68% / D 30%
CommuteN/A
Broadband23.0%
Libraries2
Is Gray a Good Place to Live?
Based on current data, Gray receives an overall livability score of 3.5 out of 5.0, earning a grade of B+. Key strengths include low unemployment, affordable housing, abundant sunshine, a low poverty rate. Areas to be aware of include below-average incomes. Gray offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Gray is $57,125, 24% below the national average of $75,149. The job market is very strong with unemployment at just 0.0%. Only 0.0% of residents live below the poverty line, well below the national rate of 12.4%.
Cost of Living & Housing
The median home value in Gray is $51,700, 82% below the national median — offering relatively affordable homeownership. At just 0.9x median income, home prices are very affordable relative to local earnings.
Education
5.4% of residents hold a bachelor's degree, below the national average of 33.7%. 94.6% have completed high school. Area schools have an average test score of 5.9/10.
Climate & Weather
Gray experiences four distinct seasons with an average temperature of 47°F. Winters average 18°F in January while summers reach 72°F in July. With 275 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 35.0 inches. Air quality is rated Good with a median AQI of 43.
Gray has a population of 70 with a density of 70 people per square mile, spread across 1.0 square miles. The median age is 33.0 years, 15% younger than the national median of 38.9. The gender split is 31.4% female and 68.6% male. The city is predominantly White (87.1%), with 8.6% Black. English is the primary language spoken at home by 100% of residents. 37.0% of the population are veterans, above the national rate of 6.0%. 16.0% of residents have a disability (above the 13.0% national average). 92.0% have health insurance coverage.
Population
33.0yrs
Median Age
15% below US avg
Language Spoken at Home
| English Only | 100.0% |
| 27% above US avg |
| Spanish | 0.0% |
| 100% below US avg |
The median household income in Gray is $57,125, which is 24% below the national average of $75,149. Per capita income is $23,050 (below the $39,052 national figure). The average weekly wage is $973, 32% lower than the U.S. average. The unemployment rate is 0.0% (below the 3.6% US average). 0.0% of residents live below the poverty line, lower than the national rate of 12.4%. The area has 239 business establishments, including 12 restaurants. The cost of living index is 87.8, below the national baseline of 100 — offering relatively affordable living. 34.8% of workers work from home (above the 15.2% national rate).
Income
| Median HH Income | $57,125 |
| 24% below US avg |
| Per Capita Income | $23,050 |
| Avg Weekly Wage | $973 |
| IRS Avg AGI | $76,458 |
Employment & Poverty
| Unemployment | 0.0% |
| 100% below US avg |
| Poverty Rate | 0.0% |
| 100% below US avg |
| Establishments (County) | 239 |
| County GDP | $473M |
Business (County)
| Restaurants | 12 |
| Healthcare | 18 |
| Retail | 20 |
| Manufacturing | 9 |
Tax & Cost of Living
| Property Tax (IRS) | $3,471 |
| 1% below US avg |
| Cost of Living | 87.80 (100=avg) |
| Effective Tax Rate | 6.71% |
Commute & Transportation
| Drive Alone | 43.5% |
| Public Transit | 0.0% |
| Work from Home | 34.8% |
The median home value in Gray is $51,700, 82% below the national median of $281,900. Fair market rent ranges from $788 for a one-bedroom to $989 for a two-bedroom apartment. There are 38 total housing units in the city. The median year a home was built is 1938. The average annual property tax is $3,471. 26.7% of renters spend 30% or more of their income on housing. The home price-to-income ratio is 0.9x, well within the affordable range.
Home Values
| Census Median | $51,700 |
| 82% below US avg |
Real Estate Market (Redfin)
Rental Costs
HUD Fair Market Rent
| Studio | $738 |
| 1 Bedroom | $788 |
| 2 Bedrooms | $989 |
| 3 Bedrooms | $1,282 |
| 4 Bedrooms | $1,420 |
Ownership & Property
| Owner-Occupied | 82.6% |
| Renter-Occupied | 17.4% |
| Housing Units | 38 |
| Median Year Built | 1938 |
Property Tax
| Avg Tax (IRS) | $3,471 |
| 1% below US avg |
| Effective Rate | 6.71% |
Gray experiences four distinct seasons with an average annual temperature of 47°F (8°C). Winters average 18°F in January while summers reach 72°F in July. The area gets 275 sunny days per year, well above the U.S. average of 205 — making it one of the sunnier locations in the country. Annual precipitation totals 35.0 inches. Air quality is rated Good with a median AQI of 43. The city sits at an elevation of 1,362 feet.
Temperature
18°F Jan (-8°C)
72°F Jul (22°C)
| Annual Average | 47.0°F |
| 13% below US avg |
| January Average | 18°F (-8°C) |
| July Average | 72°F (22°C) |
| Sunny Days | 275 days/yr |
Precipitation & Snow
| Annual Rainfall | 35.0 inches |
| 8% below US avg |
Air Quality
| AQI Median | 43.0 |
| Rating | Good |
Geography
| Elevation | 1,362 ft (415 m) |
| Area | 1.0 sq mi (2.6 km²) |
| Population Density | 70/sq mi |
| Coordinates | 41.8417°N, 94.9859°W |
| Timezone | America/Chicago |
| County | Audubon County County |
| County FIPS | 19009 |
Monthly Weather
| Month |
Avg Temperature |
Precipitation |
Summary |
| January |
18°F (-8°C) |
0.8 in |
Coldest, Driest |
| February |
24°F (-4°C) |
0.9 in |
|
| March |
36°F (2°C) |
2.2 in |
|
| April |
49°F (9°C) |
3.3 in |
|
| May |
61°F (16°C) |
4.3 in |
|
| June |
70°F (21°C) |
4.6 in |
Wettest |
| July |
72°F (22°C) |
3.9 in |
Warmest |
| August |
71°F (22°C) |
3.8 in |
|
| September |
63°F (17°C) |
3.8 in |
|
| October |
51°F (11°C) |
2.6 in |
|
| November |
35°F (2°C) |
1.5 in |
|
| December |
23°F (-5°C) |
1.1 in |
|
Gray has a seasonal temperature swing of 54°F — from 18°F in January to 72°F in July. Total annual precipitation is 32.9 inches, with June being the wettest month (4.6") and January the driest (0.8").
Frequently Asked Questions About Gray
What is the population of Gray?
Gray has a population of 70 residents and is located in Iowa. The population density is 70 people per square mile, spread across 1.0 square miles. The median age of residents is 33.0 years, which is younger than the national median of 38.9 years. The population is 31.4% female and 68.6% male.
Is Gray expensive to live in?
Gray is more affordable than the national average, with a cost of living index of 87.8 — below the baseline of 100. The median household income is $57,125, 24% below the national average of $75,149. The median home value is $51,700 (82% below the U.S. median). The home price-to-income ratio is 0.9x, indicating housing is reasonably affordable relative to local income levels.
What is the weather like in Gray?
Gray has a four-season climate with an average annual temperature of 47°F (8°C). Winter temperatures average 18°F in January, while summers reach an average of 72°F in July. The area receives 275 sunny days per year, well above the national average of 205. Annual rainfall totals 35.0 inches. Air quality is rated Good with a median Air Quality Index (AQI) of 43.
How is the job market in Gray?
The job market in Gray is very strong, with unemployment at just 0.0% — well below the national rate of 3.6%. The average weekly wage is $973. There are 239 business establishments in the area, including 12 restaurants and food service locations.
How much does housing cost in Gray?
The median home value in Gray is $51,700. The average annual property tax is $3,471.
How are the schools in Gray?
Schools in Gray score 5.9 out of 10 on standardized testing, near the national average. 5.4% of adults in Gray hold a bachelor's degree or higher, below the national average of 33.7%. 94.6% have completed high school. 0.0% hold a graduate or professional degree.
What are the demographics of Gray?
The racial and ethnic makeup of Gray is 87.1% White, 8.6% Black or African American. 100% of residents speak only English at home. 37.0% of the population are military veterans. 16.0% of residents have a disability. 92.0% have health insurance coverage.