salaryRent is lower than in 83% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (79.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $43,160 a year. That is $21 an hour at a full-time job.
Is rent cheaper than other Louisiana cities?
Yes. Rent here is cheaper than in most of Louisiana. It is number 37 of 102 cities from cheapest to most expensive.
How much do households earn in Gray?
Share of households by yearly income. 19.1% of households earn $100,000 or more.
Rent by apartment size in Gray
| Size | Gray | U.S. average |
|---|---|---|
| 1 bedroom | $889 | $1,324 |
| 2 bedrooms | $1,167 | $1,509 |
| 3 bedrooms | $1,406 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Gray overall?
Everyday prices in Louisiana overall are 12% below the U.S. average (index 88.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Gray, so the Louisiana figure is shown.
Taxes and bills in Gray
Life in Gray
Is it cheaper to rent or buy in Gray?
Buying is cheaper month to month: about $112 a month less than renting.
Owning assumes a typical $139,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,940 for the down payment.
Frequently asked questions
What is the average rent in Gray, LA?
Renting in Gray costs a median of about $1,079 a month in 2026, including utilities. The Louisiana median is $1,165.
How much do I need to make to live in Gray?
To keep rent under 30% of income, you need about $43,160 a year, or $21 an hour at a full-time job.
Is Gray cheap or expensive?
Gray is rated OK: rent takes 22.0% of the typical household income of $58,842. It ranks 37th cheapest of 102 Louisiana cities we track.
How much are property taxes in Gray?
The median homeowner in Gray pays $881 a year in property taxes, about 0.63% of the median home value.
Is Gray more expensive than the national average?
Overall prices in Louisiana are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Gray?
The median home value in Gray is $139,400, about 2.4 times the typical yearly household income.
5,154 people live in Gray. Numbers are typical (middle) values.