Rankin village, Illinois Demographics & Population 2026
As of 2026, Rankin village, Illinois has a total population of 560, the 899th largest city in Illinois, with a median household income of $47,125, which is 42% lower than the state average. The poverty rate is 39.0%.
Key Takeaways
- Household income is 42% below the state average, indicating significant economic challenges.
- More than 1 in 4 residents live below the poverty line (39.0%), well above the national average of 12.4%.
- Housing is very affordable with a home-value-to-income ratio of just 1.2x.
- Unemployment rate of 23.3% is notably above the national average.
Rankin village Quick Facts
How Rankin village Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 60 | National average: 60
Education
Educational Attainment (Adults 25+)
Rankin village Rankings in Illinois
Explore Illinois Rankings
Cities Similar to Rankin village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Tamaroa village | 562 | $48,194 | $76,600 | 12.0% | 7.8% |
| Garden Prairie CDP | 560 | $42,188 | $108,000 | 0.0% | 10.7% |
| Chandlerville village | 552 | $43,333 | $56,200 | 6.6% | 15.4% |
| Palmyra village | 524 | $46,477 | $86,400 | 10.5% | 8.6% |
| Keithsburg city | 520 | $46,875 | $58,800 | 3.7% | 15.6% |
Population Overview
Rankin village is a small community located in Illinois. The total population is 560. It ranks as the 899th most populous out of 1,445 cities and towns in Illinois.
Age Demographics
The median age in Rankin village is 32.7 years. This is 16% lower than the state median of 38.9 years.
Economy, Income & Housing
The median household income in Rankin village is $47,125. This is 42% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 40% lower. The poverty rate stands at 39.0%. This is 233% higher than the state poverty rate of 11.7%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 23.3%. This is 302% higher than the state rate of 5.8%. The median home value is $57,700. Housing costs are 77% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.2x, Rankin village is one of the most affordable housing markets in the area. 68.0% of occupied housing units are owner-occupied. This homeownership rate is 2% higher than the state average of 66.8%.
Race & Ethnicity
Rankin village has a predominantly White (non-Hispanic) population, comprising 93.0% of all residents. Hispanic or Latino residents account for 5.7%. The White (non-Hispanic) population is significantly higher than the state average (93.0% vs 58.8%). The Hispanic or Latino population (5.7%) is well below the state average of 18.5%.
Education
10.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 72% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.8%.
Data Sources & Methodology
All demographic data for Rankin village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Rankin village, Illinois?
Rankin village, Illinois has a population of 560 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Rankin village, IL?
The median household income in Rankin village is $47,125, which is 40% lower the national median of $78,538.
What is the poverty rate in Rankin village, IL?
The poverty rate in Rankin village is 39.0%. This means approximately 217 residents live below the federal poverty line.
What is the racial makeup of Rankin village, Illinois?
Rankin village's population is 93.0% White, 0.0% Black, 5.7% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Rankin village, IL?
The median home value in Rankin village is $57,700. The home-value-to-income ratio is 1.2x.
How educated is Rankin village, Illinois?
10.3% of adults (25+) in Rankin village hold a bachelor's degree or higher, and 2.4% hold a graduate or professional degree.