Gray, TN
Population 1,606 · Tennessee
About Gray, TN
Gray is a small town located in Tennessee with a population of 1,606 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,585 per year, which is 11% below the national median of $75,149. The median age of 50.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Gray features a median home value of $192,500, which is 21% below the national median of $244,900. This positions Gray in a moderately priced market relative to the rest of the country. Median monthly rent is $1,094, 6% below the national average of $1,163/month. Of the 753 total housing units, 72% are owner-occupied (485 units) and 28% are renter-occupied (184 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 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gray have an average one-way commute time of 29.7 minutes.
Education & Demographics
33.5% of Gray residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.5% 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, TN
Compared to national averages, Gray has a median household income of $66,585 (11% below the national median of $75,149). Home values average $192,500, which is 21% below the national median. Monthly rent at $1,094 is 6% below the US average of $1,163. Within Tennessee, Gray's income is 6% above the state average of $62,849, and home values are 10% below the state median of $214,371.
Why Live in Gray, TN?
Gray offers affordable housing with a median home value of $192,500, below the US average of $244,900, and rent that’s lower than the national average at $1,094/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 4.0%, better than the national average.
Potential considerations include median household income ($66,585) 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 1,606 with a median age of 50.8 years. Compare Gray with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Gray
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Olivet | 1,609 | $71,000 | $136,400 | Compare |
| Gruetli-Laager | 1,619 | $50,164 | $147,900 | Compare |
| Greenback | 1,631 | $83,750 | $262,700 | Compare |
| Huntsville | 1,632 | $27,266 | $0 | Compare |
| Englewood | 1,643 | $48,688 | $101,400 | Compare |
| Sneedville | 1,649 | $23,482 | $97,900 | Compare |
| Tennessee Ridge | 1,546 | $56,583 | $151,800 | Compare |
| Chapel Hill | 1,531 | $77,826 | $276,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Gray With Other Cities
Frequently Asked Questions about Gray
What is the population of Gray, TN?
The population of Gray, TN is 1,606 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Gray?
The median household income in Gray, TN is $66,585 per year, which is 11% below the national median of $75,149.
What is the median home value in Gray?
The median home value in Gray, TN is $192,500, which is 21% 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, TN is $1,094, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Gray?
The unemployment rate in Gray, TN 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, TN a good place to live?
Gray offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,606 and a median age of 50.8, the city appeals to established professionals and retirees.
How educated is Gray, TN?
33.5% 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, TN: median home value is $192,500 (21% below national), median rent is $1,094/month, and median household income is $66,585. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gray?
The poverty rate in Gray, TN is 4.0%, 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, TN?
Gray's population is 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.