Rankin, TX
Population 1,189 · Texas
About Rankin, TX
Rankin is a small town located in Texas with a population of 1,189 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,083 per year, which is 4% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Rankin features a median home value of $119,000, which is 51% below the national median of $244,900. This makes Rankin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $664, 43% below the national average of $1,163/month. Of the 488 total housing units, 78% are owner-occupied (347 units) and 22% are renter-occupied (96 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Rankin shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Rankin have an average one-way commute time of 27.2 minutes.
Education & Demographics
7.9% of Rankin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 36.2% White, 0.3% Hispanic or Latino, 0.3% Black or African American, and 0.0% Asian residents, with 3.0% of the population being foreign-born.
Cost of Living in Rankin, TX
Compared to national averages, Rankin has a median household income of $72,083 (4% below the national median of $75,149). Home values average $119,000, which is 51% below the national median. Monthly rent at $664 is 43% below the US average of $1,163. Within Texas, Rankin's income is 1% below the state average of $72,726, and home values are 44% below the state median of $211,769.
Why Live in Rankin, TX?
Rankin offers affordable housing with a median home value of $119,000, below the US average of $244,900, and rent that’s lower than the national average at $664/month.
Potential considerations include median household income ($72,083) that falls below the national average. However, Rankin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rankin has a population of 1,189 with a median age of 40.1 years. Compare Rankin with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Rankin
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Plains | 1,190 | $74,187 | $112,500 | Compare |
| Muniz | 1,184 | $98,587 | $97,800 | Compare |
| Valley Mills | 1,183 | $42,188 | $129,700 | Compare |
| Clear Lake Shores | 1,182 | $111,563 | $448,500 | Compare |
| Runge | 1,196 | $35,313 | $57,200 | Compare |
| Lake Medina Shores | 1,198 | $44,926 | $158,700 | Compare |
| New London | 1,198 | $50,909 | $169,400 | Compare |
| Harper | 1,199 | $69,653 | $348,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Rankin With Other Cities
Frequently Asked Questions about Rankin
What is the population of Rankin, TX?
The population of Rankin, TX is 1,189 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Rankin?
The median household income in Rankin, TX is $72,083 per year, which is 4% below the national median of $75,149.
What is the median home value in Rankin?
The median home value in Rankin, TX is $119,000, which is 51% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Rankin?
The median monthly rent in Rankin, TX is $664, which is 43% below the national average of $1,163/month.
What is the unemployment rate in Rankin?
The unemployment rate in Rankin, TX is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Rankin, TX a good place to live?
Rankin offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,189 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Rankin, TX?
7.9% of residents in Rankin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Rankin?
Key cost-of-living indicators for Rankin, TX: median home value is $119,000 (51% below national), median rent is $664/month, and median household income is $72,083. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Rankin?
The poverty rate in Rankin, TX is 13.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Rankin, TX?
Rankin's population is 36.2% White, 0.3% Hispanic or Latino, 0.3% Black or African American, 0.0% Asian, and 0.9% two or more races. 3.0% of residents are foreign-born.