Gratz is located close to the center of Kentucky. Gratz is part of Owen County. Gratz has 0.35 square miles of land area and 0.00 square miles of water area. As of 2010-2014, the total Gratz population is 50, which has shrunk 43.82% since 2000. The population growth rate is much lower than the state average rate of 8.45% and is much lower than the national average rate of 11.61%. Gratz median household income is $19,167 in 2010-2014 and has grown by 35.29% since 2000. The income growth rate is higher than the state average rate of 28.72% and is higher than the national average rate of 27.36%. Gratz median house value is $45,000 in 2010-2014 and has grown by 38.46% since 2000. The house value growth rate is about the same as the state average rate of 40.25% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Gratz is close to the state average in quality.