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Alanreed is in Gray County, Texas. It is an unincorporated region, and is part of the Pampa Metro Area. It is named after Messrs. Alan and Reed, who were railroad contractors.
Management, sales and services, production of goods and to a lesser extent agriculture contribute to the local economy. Public education is administered by the McLean Independent School District. The cost of living here is 23.20% lower than the country average.
This place gets about 21 inches of rain annually. The number of days with measurable precipitation is 56. Snowfall is about 12 inches per year.