IncomeBy County

Ray County, Missouri

Income Data

U.S. Census Bureau ACS
+21% vs. Missouri average
$72,152
Median Household Income
$38,179
Per Capita Income

At a Glance

Median Household Income
$72,152
+21% vs. state avg
Per Capita Income
$38,179
-3% vs. national
Income-to-Housing Ratio
38.5%
income as % of home value
Rank in Missouri
#15 / 115
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Ray County Compares

Ray County$72,152
Missouri Average$59,503
National Median$74,755

Detailed Income Statistics

$72,152
Median Household Income
$38,179
Per Capita Income
$187,400
Median Home Value
38.5%
Income-to-Housing Ratio

Income Advisory: Ray County

Income Verdict

Ray County has a median household income of $72,152 and per capita income of $38,179 — a gap of $33,973, suggesting a typical mix of dual-income and single-earner households.

Housing Affordability

With median gross rent at $808/month and a median household income of $72,152, rent consumes approximately 13.4% of monthly income — well within affordable thresholds.

Economic Context

A median household income of $72,152 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $38,179 is in line with national norms for individual earners.

Neighbor Context

Ray County earns approximately 21.3% above the Missouri state median household income of $59,503, positioning it favorably within the state.

Data Story

About Household Income in Ray County, Missouri

Ray County earns above the national average

Ray County's median household income of $72,152 sits just $2,603 below the national median of $74,755, placing it in the upper-middle tier nationally. This strong performance reflects a county where earnings keep pace with most of America, despite serving a smaller, rural population.

Top 20% of Missouri counties by income

Ray County ranks among Missouri's highest-earning counties with a median household income of $72,152—21% above the state average of $59,503. This positions it as one of the economic engines in a state where most counties cluster around $55,000 to $60,000 annually.

Ray leads regional peer group handily

At $72,152, Ray County's median income significantly outpaces nearby counties like Scott ($58,847), Saline ($56,566), and Schuyler ($56,023). Ray's strong economic position suggests robust employer diversity or higher-wage sectors anchoring the county's workforce.

Housing costs are very manageable here

With a rent-to-income ratio of just 13.4%, Ray County residents enjoy one of the state's most affordable housing markets relative to earnings. A median home value of $187,400 paired with strong incomes means housing costs consume less than the national benchmark of 15%.

Your earnings position you for wealth-building

Ray County's above-average income and favorable housing costs create room in household budgets for savings, investment, and retirement planning. With per capita income at $38,179, residents here have the earnings foundation to pursue long-term financial goals like homeownership, education, and diversified investing.

Frequently Asked Questions

What is the median household income in Ray County, Missouri?
The median household income in Ray County, Missouri is $72,152, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Ray County?
The per capita income in Ray County is $38,179, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $72,152.
How does Ray County compare to the Missouri average?
Ray County's median household income of $72,152 is higher than the Missouri state average of $59,503. The per capita income is $38,179, compared to the state average of $31,011.
What is the per capita income in Ray County, Missouri?
The per capita income in Ray County, Missouri is $38,179, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Ray County income higher than the Missouri average?
Ray County's median household income of $72,152 is higher than the Missouri average of $59,503. This difference of $12,649 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Ray County rank for income in Missouri?
Ray County ranks #15 out of 115 counties in Missouri by median household income (1 = highest). With a median household income of $72,152 and per capita income of $38,179, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Ray County

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Your income is above the Ray County median

County median: $72,152 per year

vs. County Median

+0%

vs. State Average

+21%

vs. National Median

-3%

vs. Ray County MedianAbout equal
vs. Missouri Average▲ 21% above
vs. National Median▼ 3% below

Income Adequacy

Monthly income covers median rent7.4x

Your monthly income ($6,013) vs. median rent ($808/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Counties with Similar Income Levels

Franklin County
Kansas
$72,142
+0%
Iowa County
Iowa
$72,185
+0%
Pope County
Minnesota
$72,205
+0%
Walla Walla County
Washington
$72,212
+0%
Lafayette County
Wisconsin
$72,091
+0%
Genesee County
New York
$72,055
+0%
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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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