As of 2026 the population of Gray County is 5,671. The population is expected to shrink to 5,668 by 2031 - a growth rate of -0.01%.
The median age of Gray County residents is 39.
The diversity index of Gray County is 50.2, meaning that there is a 50% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Gray County is $109,704 and projected to be $120,385 in 2031. Per capita income is $41,733, projected to be $46,267 in 2031. 4.18% of households – 237 – have an income of $200,000 or higher. Average net worth is $1,177,316 and the average disposable income is $84,228.
There are 2,417 housing units in Gray County; 1,662 are owner-occupied, 481 are rented, and 274 are vacant. The average home value is $242,082, with 193 homes built in 2010 or later, and 408 built in 1939 or earlier.
There are 380 businesses in Gray County, employing 2,741 workers and pulling from a labor force of 2,818 age 16 and above. 886 workers commute into Gray County from outside the county or state. Key industries for the area include:
1,922 residents both live and work in/around Gray County. The average travel time is 18.0 minutes. 31.17% people have a commute of less than 5 minutes while 2.65% commute 90 minutes or more each way. Of commuters, 2,299 drive alone, 267 carpool, and 2 take public transportation. 115 use other modes of transport such as motorcycle, bicycle, walking, etc. 135 residents work from home.
865 members of the workforce hold a high school diploma or GED. 344 have associates degrees, 816 have bachelor’s degrees, and 164 hold a graduate or professional degree.
Source: ESRI, 2026-09-09
