Ray is located in Franklin County, Indiana. Ray has a 2025 population of 4,388 . Ray is currently declining at a rate of -0.2% annually but its population has increased by 1.53% since the most recent census, which recorded a population of 4,322 in 2020.
The average household income in Ray is $113,222 with a poverty rate of 9.51%. The median age in Ray is 43.5 years: 42.5 years for males, and 44.1 years for females. For every 100 females there are 92.7 males.
Data after 2023 is projected based on recent change
The racial composition of Ray includes 96.59% White, and smaller percentages for Two or more races, Asian, other race, Black or African American and multiracial populations.
White (96.59%)
Two or more races (1.38%)
Asian (0.94%)
Other race (0.76%)
Black or African American (0.32%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 4,195 | 96.59% |
| Two or more races | 60 | 1.38% |
| Asian | 41 | 0.94% |
| Other race | 33 | 0.76% |
| Black or African American | 14 | 0.32% |
Married
Widowed
Divorced
Separated
Never Married
Ray's average per capita income is $55,907. Household income levels show a median of $90,114. The poverty rate stands at 9.51%.
Name | Median | Mean |
|---|---|---|
| Married Families | $120,650 | - |
| Families | $113,657 | $131,835 |
| Households | $90,114 | $113,222 |
| Non Families | $53,558 | $54,663 |
Average Income
Median Household Income
Poverty Rate