salaryRent is lower than in 64% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $55,200 a year. That is $27 an hour at a full-time job.
Is rent cheaper than other Alabama cities?
No. Rent here is more expensive than in most of Alabama. It is number 83 of 120 cities from cheapest to most expensive.
How much do households earn in Grayson Valley?
Share of households by yearly income. 18.2% of households earn $100,000 or more.
Rent by apartment size in Grayson Valley
| Size | Grayson Valley | U.S. average |
|---|---|---|
| 2 bedrooms | $1,170 | $1,509 |
| 3 bedrooms | $1,693 | $1,698 |
| 4 bedrooms | $2,291 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Grayson Valley overall?
Everyday prices in Alabama overall are 11% below the U.S. average (index 88.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Grayson Valley, so the Alabama figure is shown.
Taxes and bills in Grayson Valley
Life in Grayson Valley
Is it cheaper to rent or buy in Grayson Valley?
Buying is cheaper month to month: about $350 a month less than renting.
Owning assumes a typical $148,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,840 for the down payment.
Frequently asked questions
What is the average rent in Grayson Valley, AL?
Renting in Grayson Valley costs a median of about $1,380 a month in 2026, including utilities. The Alabama median is $1,175.
How much do I need to make to live in Grayson Valley?
To keep rent under 30% of income, you need about $55,200 a year, or $27 an hour at a full-time job.
Is Grayson Valley cheap or expensive?
Grayson Valley is rated OK: rent takes 23.8% of the typical household income of $69,668. It ranks 83rd cheapest of 120 Alabama cities we track.
How much are property taxes in Grayson Valley?
The median homeowner in Grayson Valley pays $787 a year in property taxes, about 0.53% of the median home value.
Is Grayson Valley more expensive than the national average?
Overall prices in Alabama are 11% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Grayson Valley?
The median home value in Grayson Valley is $148,400, about 2.1 times the typical yearly household income.
6,077 people live in Grayson Valley. Numbers are typical (middle) values.