Gray, IA
Population 70 · Iowa
About Gray, IA
Gray is a small community located in Iowa with a population of 70 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,125 per year, which is 24% below the national median of $75,149. The median age of 33 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Gray features a median home value of $51,700, which is 79% below the national median of $244,900. This makes Gray one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 39 total housing units, 83% are owner-occupied (19 units) and 17% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gray shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gray have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
5.4% of Gray residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 4.3% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Gray, IA
Compared to national averages, Gray has a median household income of $57,125 (24% below the national median of $75,149). Home values average $51,700, which is 79% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Gray's income is 16% below the state average of $67,947, and home values are 61% below the state median of $132,237.
Why Live in Gray, IA?
Gray offers affordable housing with a median home value of $51,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 3.3%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($57,125) that falls below the national average. However, Gray’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gray has a population of 70 with a median age of 33 years. Compare Gray with other cities to see how it stacks up, or explore all cities in Iowa.
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Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Gray
What is the population of Gray, IA?
The population of Gray, IA is 70 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Gray?
The median household income in Gray, IA is $57,125 per year, which is 24% below the national median of $75,149.
What is the median home value in Gray?
The median home value in Gray, IA is $51,700, which is 79% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gray?
The median monthly rent in Gray, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Gray?
The unemployment rate in Gray, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Gray, IA a good place to live?
Gray offers a moderate cost of living, affordable housing, and a strong job market. With a population of 70 and a median age of 33, the city appeals to young professionals and families.
How educated is Gray, IA?
5.4% of residents in Gray aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Gray?
Key cost-of-living indicators for Gray, IA: median home value is $51,700 (79% below national), median rent is $0/month, and median household income is $57,125. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gray?
The poverty rate in Gray, IA is 3.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gray, IA?
Gray's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 4.3% Asian, and 8.6% two or more races. 0.0% of residents are foreign-born.