Gray, Kentucky is a small town of about 5,000 people and offers a relaxed rural atmosphere yet is only a short drive from the city. The average rent for a two bedroom apartment in Gray is $720 which is quite affordable compared to the US average of $1,430. What’s more, the local Grocery Cost Index in Gray is 92 versus 100 in the US. This makes grocery shopping much less expensive than other areas.
The towns tight-knit community makes it easy to explore what it has to offer with local establishments such as Shaker's Bar & Grill, Buffalo Wild Wings and Beautylicious Hair Salon offering great services and cuisine. You can shop for your essentials at stores like Walmart or Dollar General store. With its close proximity to larger cities like Nashville and Bowling Green also provides quick access to top attractions like museums, parks and theaters.
Gray (zip 40734) has an unemployment rate of 6.8%. The US average is 6.0%.
Gray (zip 40734) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Gray (zip 40734)
- The Sales Tax Rate for Gray (zip 40734) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gray (zip 40734) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gray (zip 40734)
- The average income of a Gray (zip 40734) resident is $13,679 a year. The US average is $28,555 a year.
- The Median household income of a Gray (zip 40734) resident is $31,675 a year. The US average is $69,021 a year.