Housing costs in Gray?
A typical home costs
$69,900, which is 79.3% less expensive than the national average of
$338,100 and 64.1% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Gray costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$930.
Can I afford Gray?
To live comfortably in Gray, Iowa, a minimum annual income of
$13,320 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Gray?
The cost of living in Gray, IA is quite affordable. The average home price is just over $107,000, which is significantly lower than the national average. The overall cost of living index stands at 86.1, making it 10% cheaper than the US average. Property taxes are also relatively low coming in at only 1.24%. Along with a low unemployment rate, Gray, IA has an attractive economic environment for anyone looking to establish themselves and their family in a safe and affordable place to live.