Gray, IA is a small town in Iowa with a population of just over 1,000. Despite its small size there are plenty of local offerings for residents to take advantage of. The rent for a two bedroom apartment is much lower than the national average at $710 per month while the US Cost Index for groceries is 92 versus 100 nationally. Local businesses such as Gray's Grocery and Hardware Store offer products at competitive prices while other services like Gray's Auto Repair provide high-quality service. There are also many religious establishments and community centers in the area that offer numerous recreational activities and programs for people of all ages. With its low costs of living, excellent local businesses, and multitude of services available, it’s easy to see why people love living in Gray, IA.
Gray has an unemployment rate of 3.3%. The US average is 6.0%.
Gray has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Gray
- The Sales Tax Rate for Gray is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gray is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gray
- The average income of a Gray resident is $17,483 a year. The US average is $37,638 a year.
- The Median household income of a Gray resident is $53,750 a year. The US average is $69,021 a year.