Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.5 yrs |
|---|---|
| Avg HH Size | 2.30 |
| Below Poverty | 7.4% ▼ 26% below avg |
| College Grads | 37.9% ≈ Avg |
| Unemployment | 1.5% ▼ 70% below avg |
| No HS Diploma | 13 (0.5%) |
| HS Graduate | 850 (30.9%) |
| Some College | 348 (12.7%) |
| Associates | 497 (18.1%) |
| Bachelors | 355 (12.9%) |
| Graduate Degree | 686 (25%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $112,311 ▲ 47% above avg |
|---|---|
| Median Home Value | $380,500 ▲ 36% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,083/mo |
| Total Housing Units | 1,682 |
| Vacant Units | 50 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Ray is a city in Michigan, located in Macomb County. The city spans 1 ZIP code and is home to approximately 3,779 residents. It is a mature city, with a median age of 48.5 years.
Economically, Ray is a upper-middle-income community. The median household income of $112,311 is above the national average. Approximately 7.4% of residents live below the poverty line. The unemployment rate is 1.5%, well below the national average.
The real estate market in Ray is a mid-range housing market. Median home values stand at $380,500, which is above the national average. Renters typically pay around $1,083 per month. Homeownership is high at 83.3%, typical of suburban and family-oriented communities.
The population of Ray is moderately educated. 37.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (90.61%).
Ray, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48096 | 3,779 | $112,311 | $380,500 | $1,083 | 1.5% | 37.9% | 83.3% |