Gray Summit, MO Profile: Facts & Data

The primary coordinate point for Gray Summit is located at latitude 38.4898 and longitude -90.8168 in Franklin County. The formal boundaries for the Gray Summit Census Designated Place encompass a land area of 7.37 sq. miles and a water area of 0.02 sq. miles. Franklin County is in the Central time zone (GMT -6).

The Gray Summit Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Gray Summit, MO Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	3,085 (100%)
Population in Households	3,085 (100.0%)
Population in Families	2,473 (80.2%)
Population in Group Quarters¹	0
Population Density	400
Diversity Index²	25


INCOME
Median Household Income	$65,842
Average Household Income	$91,452
% of Income for Mortgage⁴	17%
Per Capita Income	$37,055
Wealth Index⁵	82
Socioeconomic Status Index⁶	Moderate (52.5)

HOUSING
Total HU (Housing Units)	1,335 (100%)
Owner Occupied HU	941 (70.5%)
Renter Occupied HU	309 (23.1%)
Vacant Housing Units	85 ( 6.4%)
Median Home Value	$181,983
Average Home Value	$251,169
Housing Affordability Index³	144

HOUSEHOLDS
Total Households	1,250
Average Household Size	2.47
Family Households	814
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Gray Summit, MO - Peer Comparisons by Rank and Percentile

The table below compares Gray Summit to the other 1,082 incorporated cities, towns and CDPs in Missouri by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.23%	-0.10%
Households	0.19%	0.21%
Families		0.12%
Median Household Income		3.70%
Per Capita Income		3.59%
Owner Occupied HU		0.77%

Variable Description	Rank	Percentile
Total Population	# 197	82nd
Population Density	# 757	30th
Median Household Income	# 412	62nd
Housing Affordability Index	# 772	71st
Per Capita Income	# 314	71st
Diversity Index	# 385	65th

Gray Summit, MO Profile: Facts & Data

Gray Summit, Missouri - Basic Facts

Gray Summit, MO Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Gray Summit, MO - Peer Comparisons by Rank and Percentile

Gray Summit, MO - Most Popular Things to Do

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Franklin County