Gray Summit, MO
Population 2,847 · Missouri
About Gray Summit, MO
Gray Summit is a small town located in Missouri with a population of 2,847 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,883 per year, which is 27% below the national median of $75,149. The median age of 35.2 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 Summit features a median home value of $140,200, which is 43% below the national median of $244,900. This makes Gray Summit one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,041, 10% below the national average of $1,163/month. Of the 1,201 total housing units, 81% are owner-occupied (857 units) and 19% are renter-occupied (197 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gray Summit shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gray Summit have an average one-way commute time of 29 minutes.
Education & Demographics
16.1% of Gray Summit 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 0.8% White, 3.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Gray Summit, MO
Compared to national averages, Gray Summit has a median household income of $54,883 (27% below the national median of $75,149). Home values average $140,200, which is 43% below the national median. Monthly rent at $1,041 is 10% below the US average of $1,163. Within Missouri, Gray Summit's income is 10% below the state average of $61,047, and home values are 7% below the state median of $150,786.
Why Live in Gray Summit, MO?
Gray Summit offers affordable housing with a median home value of $140,200, below the US average of $244,900, and rent that’s lower than the national average at $1,041/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a low poverty rate of 10.1%, better than the national average.
Potential considerations include median household income ($54,883) that falls below the national average. However, Gray Summit’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gray Summit has a population of 2,847 with a median age of 35.2 years. Compare Gray Summit with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Gray Summit
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Piedmont | 2,857 | $37,868 | $102,400 | Compare |
| Portageville | 2,869 | $36,924 | $150,000 | Compare |
| Knob Noster | 2,824 | $60,294 | $146,700 | Compare |
| Licking | 2,816 | $32,813 | $109,000 | Compare |
| Montgomery City | 2,810 | $51,707 | $137,500 | Compare |
| Moline Acres | 2,806 | $55,069 | $76,500 | Compare |
| Fayette | 2,800 | $58,750 | $128,700 | Compare |
| Owensville | 2,798 | $50,428 | $133,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Gray Summit With Other Cities
Frequently Asked Questions about Gray Summit
What is the population of Gray Summit, MO?
The population of Gray Summit, MO is 2,847 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Gray Summit?
The median household income in Gray Summit, MO is $54,883 per year, which is 27% below the national median of $75,149.
What is the median home value in Gray Summit?
The median home value in Gray Summit, MO is $140,200, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gray Summit?
The median monthly rent in Gray Summit, MO is $1,041, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Gray Summit?
The unemployment rate in Gray Summit, MO is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Gray Summit, MO a good place to live?
Gray Summit offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,847 and a median age of 35.2, the city appeals to a broad range of residents.
How educated is Gray Summit, MO?
16.1% of residents in Gray Summit 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 Summit?
Key cost-of-living indicators for Gray Summit, MO: median home value is $140,200 (43% below national), median rent is $1,041/month, and median household income is $54,883. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gray Summit?
The poverty rate in Gray Summit, MO is 10.1%, 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 Summit, MO?
Gray Summit's population is 0.8% White, 3.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.5% two or more races. 0.0% of residents are foreign-born.