Gray cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGrayLouisianaNational
Cost of living index8892100
IndexGrayLouisianaNational
Goods & Services index9997100
Groceries index9898100
Health care index9697100
Housing index6581100
Transportation index10697100
Utilities index8594100
The above illustration supplies generalized information for the Gray, LA cost of living index. Compared to other cities in Louisiana and cities across the country, the cost of living index in Gray, LA is 88, which is 5% lower than the Louisiana average and 12% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Gray, LA are 2% higher than the average for Louisiana and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Gray is 5% lower than the Louisiana average.
  • The cost of living in Gray is 12% lower than the national average.
  • The cost of housing in Gray is 35% lower than the national average.
  • Louisiana general sales tax is 2% lower than the national average.
  • Louisiana state income tax is 10% lower than the national average.

Find Real Estate Listings In Gray

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Gray

Compare Gray, LA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Gray, LA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Gray, LA, you have to earn a higher income in order to still have the same standard of living. To operate the Gray, LA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,302$4,025$1,127$1,449
Renters$23,500$1,958$548$705
One can approximate the cost of living and the housing affordability in Gray, LA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Gray, LA have a median income of $48,302. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,127 per month to avoid calamity and poverty. The renters in the city have an income of about $23,500, which would make their monthly maximum allowable rental costs $548.

Louisiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Louisiana5%12%

Louisiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Louisiana2%6%
When you are determining the total cost of living in Gray, LA you will want to make sure you consider both the Louisiana sales tax and the Louisiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Louisiana is 5%, with the highest surtax being 12%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Louisiana have a range from 2% to 6%.

Goods & Services

ItemGrayNational avg.Difference
Haircut $16.45$16.092.2%
Beauty Salon $41.22$37.3310.4%
Toothpaste $2.19$2.4510.7%
Shampoo $1.02$1.001.6%
Movie $10.64$10.283.5%
Bowling $12.34$4.93150.3%

Groceries

ItemGrayNational avg.Difference
Ground Beef $3.82$3.800.5%
Fried Chicken $0.95$1.4032.0%
Milk $2.37$2.0117.9%
Potatoes $3.12$3.013.5%
Pizza $7.49$9.8924.2%
Beer $8.77$8.901.4%

Health Care

ItemGrayNational avg.Difference
Optometrist $85.86$102.1616.0%
Doctor $98.33$108.369.3%
Dentist $88.25$92.534.6%
Ibuprofen $9.85$9.286.2%
Lipitor $441.86$425.823.8%

Housing

ItemGrayNational avg.Difference
Home Price $102,100.00$184,700.0044.7%
Avg. Mortgage Payment $1,271.91$1,202.445.8%
Apartment Rent $835.00$949.0012.0%

Transportation

ItemGrayNational avg.Difference
Gasoline $2.10$2.246.4%
Tire Balancing $60.77$46.2931.3%

Utilities

ItemGrayNational avg.Difference
All Electricity$116.95$165.9629.5%
Phone $29.67$28.683.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Supreme, LA82399-1%
Choctaw, LA79373-27%
Montegut, LA2,05881-19%
Kraemer, LA86182-18%
Lockport, LA2,52888-12%
Gray, LA5,26288-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lucerne Valley, CA5,26399-1%
Williamsburg, KY5,26375-25%
Keyser, WV5,26186-14%
Midfield, AL5,26082-18%
DeWitt, IA5,26493-7%
Gray, LA5,26288-12%
Source: The Gray, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.