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Rankin, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
601
Population
$41,250
Median Income
$56,900
Home Value
32.4
Median Age

Demographics

Rankin has a population of 601 with a median age of 32.4. Here is the racial and ethnic breakdown of the population:

White
98.2%
Hispanic
4.7%
Demographic Value
Total Population601
Median Age32.4
White98.2%
Hispanic or Latino4.7%
Rankin, Illinois — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 103.White: 95.4%Hispanic/Latino: 4.6%601PopulationWhiteWhite95.4%Hispanic/LatinoHispanic/Latino4.6%

Income & Economy

The median household income in Rankin is $41,250, which is 48.8% below the national median of $80,610. The per capita income is $18,670. The poverty rate is 49.1%.

$41,250
Median Household Income
$18,670
Per Capita Income
49.1%
Poverty Rate

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Education

In Rankin, 79.9% of residents age 25+ have a high school diploma or higher, and 5.6% hold a bachelor's degree or higher (0.8% with a graduate or professional degree).

HS Diploma+
79.9%
Bachelor's+
5.6%
Graduate+
0.8%
Education Level % of Adults (25+)
High School Diploma or Higher79.9%
Bachelor's Degree or Higher5.6%
Graduate or Professional Degree0.8%

Housing

The median home value in Rankin is $56,900, below the national median of $303,400. The median monthly rent is $767. The homeownership rate is 68.5%.

$56,900
Median Home Value
$767/mo
Median Rent
68.5%
Homeownership Rate
Housing Metric Value
Median Home Value$56,900
Median Monthly Rent$767
Homeownership Rate68.5%
Vacancy Rate17.6%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Rankin, Illinois?
The population of Rankin, Illinois is 601 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Rankin, Illinois?
The median household income in Rankin, Illinois is $41,250. This is 48.8% below the national median of $80,610.
What is the median home value in Rankin, Illinois?
The median home value in Rankin, Illinois is $56,900. The median monthly rent is $767.
What percentage of people in Rankin have a college degree?
In Rankin, Illinois, 5.6% of adults age 25 and older hold a bachelor's degree or higher, and 79.9% have a high school diploma or higher.
Is Rankin, Illinois an affordable place to live?
The home price-to-income ratio in Rankin, Illinois is 1.4x (median home value $56,900 vs. median income $41,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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