As of 2026 the population of Rankin is 698. The population is expected to shrink to 679 by 2031 - a growth rate of -0.55%.
The median age of Rankin residents is 41.
The diversity index of Rankin is 73.6, meaning that there is a 74% 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 Rankin is $109,701 and projected to be $112,350 in 2031. Per capita income is $43,544, projected to be $45,348 in 2031. 4.01% of households – 28 – have an income of $200,000 or higher. Average net worth is $1,213,246 and the average disposable income is $87,133.
There are 325 housing units in Rankin; 206 are owner-occupied, 67 are rented, and 52 are vacant. The average home value is $189,017, with 22 homes built in 2010 or later, and 47 built in 1939 or earlier.
There are 59 businesses in Rankin, employing 416 workers and pulling from a labor force of 417 age 16 and above. 149 workers commute into Rankin from outside the county or state. Key industries for the area include:
268 residents both live and work in/around Rankin. The average travel time is 0.0 minutes. 55.22% people have a commute of less than 5 minutes while 10.82% commute 90 minutes or more each way. Of commuters, 350 drive alone, 21 carpool, and 0 take public transportation. 0 use other modes of transport such as motorcycle, bicycle, walking, etc. 46 residents work from home.
86 members of the workforce hold a high school diploma or GED. 55 have associates degrees, 64 have bachelor’s degrees, and 4 hold a graduate or professional degree.
Source: ESRI, 2026-09-09
