Cost of Living in Gray, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
66.6
100 = national avg
-33.4 vs national average
Living Wage (1 Adult)
$29,299
per year
Living Wage (Family of 4)
$69,251
per year
Cost Index by Category
Housing27.1
Food93.7
Transportation82.0
Healthcare94.9
Utilities81.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$838
per month
2 Bedroom
$919
per month
The overall cost of living index in Gray is 66.6, which is 33.4% below the national average. Housing costs are below the national average at an index of 27.1. A single adult needs to earn approximately $29,299 per year to cover basic expenses.