Gray, ND is a small town with a population of around 1,000 people. It is an affordable place to live, with 2 bedroom rent averaging $830 compared to the national average of $1,430. Additionally, grocery costs are lower than in other parts of the country—the Grocery Cost Index in Gray is 95 versus 100 in the US.
The local economy in Gray mainly consists of small businesses such as Gray Auto Parts, G & K Guns and Ammo, Gray Variety Store, and The Place Bar & Grill. Local entrepreneurs are always coming up with innovative ideas that help the community thrive despite its size. For example, Gray's bike shop not only supplies bikes for sale but also provides free repairs to locals who can't afford it.
Gray has an unemployment rate of 4.0%. The US average is 6.0%.
Gray has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 29.9%, 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 2.0%. 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 $39,874 a year. The US average is $37,638 a year.
- The Median household income of a Gray resident is $0 a year. The US average is $69,021 a year.