Living in Rankin, Texas
Cost of living, income, home prices, rent and demographics of Rankin · Census data 2020–2024
Rankin has 1,087 residents with a median age of 38.5. The median household income is $71,596 (9% lower than the Texas median), the median home value is $127,000, the median rent is $564/month.
Rankin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Rankin at a glance
- Population
- 1,087
- Median age
- 38.5State: 35.6
- Median household income
- $71,596State: $78,476
- Median home value
- $127,000State: $283,800
- Median rent
- $564/moState: $1,403
- Homeowners
- 78.9%
- Bachelor's degree or higher
- 9.9%
- Average commute
- 30 min
Is Rankin a good place to live?
Pros: Home values 55% lower than the state median.
Cons: Median household income 9% lower than the Texas median; an average commute of 30 minutes; unemployment of 8.1%; a poverty rate of 19.3%.
The weather is best in March–April and October–November.
Cost of living in Rankin
Housing is the biggest part of the cost of living. In Rankin the median home value is $127,000, 62% lower than the U.S. median. Renters pay a median of $564 per month, which is 21.3% of household income. Homeowners with a mortgage pay $1,476 a month in housing costs.
Rankin median household income
The median household income in Rankin is $71,596 and the income per person is $32,190. 19.3% of residents live below the poverty line (Texas: 13.8%).
Housing in Rankin: homes for sale and rent
- Housing units
- 511
- Owner-occupied
- 78.9%
- Renter-occupied
- 21.1%
- Vacant
- 11%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.30
Rankin demographics
- Population
- 1,087
- Median age
- 38.5
- Under 18
- 23.5%
- 65 and older
- 12.6%
- Households
- 455
- Foreign-born
- 3.8%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Rankin ›
Education in Rankin
9.9% of adults 25 and older in Rankin have a bachelor's degree or higher (Texas: 33.8%), and 0% have a graduate or professional degree.
Jobs and commute in Rankin
- Unemployment rate
- 8.1%State: 5.3%
- Average commute
- 30 minState: 27 min
- Work from home
- 11%
- Drive alone
- 83.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.4%
Rankin vs nearby towns
More for people moving to Rankin
Rankin ZIP code ›Weather and climate ›Living in Rankin: FAQ
What is the median household income in Rankin, TX?
The median household income in Rankin is $71,596, 9% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Rankin?
The median home value in Rankin is $127,000, compared with $283,800 in Texas.
How much is rent in Rankin?
The median gross rent in Rankin is $564 per month, about 21.3% of household income.
Is Rankin, TX a good place to live?
Pluses: home values 55% lower than the state median. Minuses: median household income 9% lower than the Texas median; an average commute of 30 minutes; unemployment of 8.1%; a poverty rate of 19.3%.
What is the median age in Rankin?
The median age in Rankin is 38.5 years (Texas: 35.6).
How long is the commute in Rankin?
The average commute to work in Rankin is 30 minutes; 11% of workers work from home.
What is the unemployment rate in Rankin?
The unemployment rate in Rankin is 8.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rankin?
9.9% of adults in Rankin have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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