As of 2025 the population of Rankin is 706. The population is expected to shrink to 680 by 2030 - a growth rate of -0.75%.
The median age of Rankin residents is 40.
The diversity index of Rankin is 72.9, meaning that there is a 73% 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 $94,747 and projected to be $100,633 in 2030. Per capita income is $37,300, projected to be $40,532 in 2030. 2.83% of households – 20 – have an income of $200,000 or higher. Average net worth is $898,730 and the average disposable income is $76,106.
There are 328 housing units in Rankin; 207 are owner-occupied, 70 are rented, and 51 are vacant. The average home value is $172,005, with 39 homes built in 2010 or later, and 22 built in 1939 or earlier.
There are 57 businesses in Rankin, employing 386 workers and pulling from a labor force of 487 age 16 and above. 204 workers commute into Rankin from outside the county or state. Key industries for the area include:
283 residents both live and work in/around Rankin. The average travel time is 0.0 minutes. 49.12% people have a commute of less than 5 minutes while 10.6% commute 90 minutes or more each way. Of commuters, 395 drive alone, 42 carpool, and 0 take public transportation. 0 use other modes of transport such as motorcycle, bicycle, walking, etc. 50 residents work from home.
133 members of the workforce hold a high school diploma or GED. 44 have associates degrees, 51 have bachelor’s degrees, and 4 hold a graduate or professional degree.
