As of 2024 the population of Rankin is 725. The population is expected to shrink to 691 by 2029 - a growth rate of -0.96%.
The median age of Rankin residents is 39.
The diversity index of Rankin is 72.6, 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 $91,188 and projected to be $103,305 in 2029. Per capita income is $35,067, projected to be $40,771 in 2029. 1.93% of households – 14 – have an income of $200,000 or higher. Average net worth is $824,417 and the average disposable income is $73,558.
There are 329 housing units in Rankin; 208 are owner-occupied, 70 are rented, and 51 are vacant. The average home value is $162,500, with 27 homes built in 2010 or later, and 10 built in 1939 or earlier.
There are 60 businesses in Rankin, employing 345 workers and pulling from a labor force of 458 age 16 and above. 180 workers commute into Rankin from outside the county or state. Key industries for the area include:
278 residents both live and work in/around Rankin. The average travel time is 0.0 minutes. 35.97% people have a commute of less than 5 minutes while 9.35% commute 90 minutes or more each way. Of commuters, 368 drive alone, 34 carpool, and 0 take public transportation. 1 use other modes of transport such as motorcycle, bicycle, walking, etc. 55 residents work from home.
140 members of the workforce hold a high school diploma or GED. 46 have associates degrees, 77 have bachelor’s degrees, and 2 hold a graduate or professional degree.
