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The total population of Rankin is estimated to be 1,069 with 576 males (53.88%) and 493 females (46.12%). There are 83 less females than males in Rankin.
The median household income in Rankin was $66,496 in 2021, which marked an a decrease of 4,010(5.69%) from $70,506 in 2020. This income is 89.13% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Rankin sees its highest median household income among householders in the age group of 45 to 64 years old, at $66,954. Overall, the median household income for the city of Rankin stands at $66,496.
In Rankin, the median income for all workers aged 15 years and older, regardless of work hours, was $51,903 for males and $30,401 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $94,630 for males and $44,588 for females.
In Rankin, population is primarily represented by White households, reporting a median income of $122,397.
In 2022, the population of Rankin was 744, a 2.49% decrease year-by-year from 2021. Previously, in 2021, Rankin's population was 763, a decline of 1.68% compared to a population of 776 in 2020.
The median age in Rankin, TX is 35.4, as per 2021 ACS 5-Year Estimates. Of the total population, 21.33% were under the age of 15, 19.94% aged 15 to 29, 48.48% aged 30 to 64, 8.96% aged 65 to 84, and 1.29% were 85 years of age and older.
Racial distribution of Rankin population: 53.74% are White, 2.86% are Black or African American, 0.28% are American Indian and Alaska Native, 1.57% are Asian, 38.23% are some other race and 3.32% are multiracial.