2025 Compare Cities Economy:
Banner Elk, NC vs Gray, TN

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Highlights
- Household income in Gray, is 1% less than it is in Banner Elk and is 20% below the National Average.
- Banner Elk unemployment rate is 4.1%.
- Gray unemployment rate is 4.6%.
 Banner Elk, NCGray, TNUnited States
 Unemployment Rate  Unlock4.6%6.0%
 Recent Job Growth  Unlock0.4%1.6%
 Future Job Growth31.8%  Unlock33.5%
 Sales Taxes6.8%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$33,233  Unlock$37,638
 Household Income  Unlock$57,688$69,021
 Family Median Income$118,750  Unlock$85,028
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 Est. Households By Income
 Banner Elk, NCGray, TNUnited States
 Income Less Than 15K  Unlock14.2%9.4%
 Income between 15K and 20K3.7%  Unlock3.8%
 Income between 20K and 30K  Unlock6.5%8.1%
 Income between 30K and 40K13.1%  Unlock8.0%
 Income between 40K and 50K  Unlock5.2%7.6%
 Income between 50K and 60K5.2%  Unlock7.2%
 Income between 60K and 75K  Unlock8.0%9.6%
 Income between 75K and 100K6.7%  Unlock12.8%
 Income between 100K and 150K  Unlock1.3%16.3%
 Income between 150K and 200K12.5%  Unlock7.8%
 Income greater than 200K  Unlock3.8%9.5%
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 Population By Occupation
 Banner Elk, NCGray, TNUnited States
 Management, business, finance7.6%  Unlock16.4%
 Engineering, computers, science  Unlock8.0%6.5%
 Community, social services0.7%  Unlock1.8%
 Legal  Unlock0.0%1.2%
 Education, library31.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.0%2.0%
 Healthcare practitioners and technology3.2%  Unlock6.2%
 Healthcare support  Unlock11.2%3.3%
 Firefighters, law enforcement0.7%  Unlock2.1%
 Food preparation, serving  Unlock22.9%5.4%
 Building maintenance3.7%  Unlock3.6%
 Personal care  Unlock0.0%2.6%
 Sales, office, administrative support22.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair1.9%  Unlock8.1%
 Production, transportation, material moving  Unlock18.5%13.1%
Reviews for Banner Elk    0 Reviews

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Reviews for Gray    2 Reviews

Over 1 years ago

I grew up in Gray Tennessee. I live in Georgia now but my family still lives there and I sure miss  More

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Over 19 years ago

Compared to Houston, Texas, the cost of living is lower. Property taxes are about 70% lower. Car insurance 50% lower and homeowners is 60% lower. Sales tax is 1/4%  More

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