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Rankin, IL Profile: Facts & Data

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Rankin, Illinois - Basic Facts

The Village of Rankin had a population of 515 as of July 1, 2025.

The primary coordinate point for Rankin is located at latitude 40.465 and longitude -87.8964 in Vermilion County. The formal boundaries for the Village of Rankin encompass a land area of 0.58 sq. miles and a water area of 0 sq. miles. Vermilion County is in the Central time zone (GMT -6).

The Village of Rankin has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Rankin is located within Township of Butler, a minor civil division (MCD) of Vermilion County.


Jump to... (On This Page!)
  1. Rankin 2025 Demographic Data
  2. Growth Rates for Rankin (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2025 Demographics
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Rankin, IL Data & Demographics (As of July 1, 2025)

POPULATION

Total Population 515 (100%)
Population in Households 515 (100.0%)
Population in Families 418 (81.2%)
Population in Group Quarters1 0
Population Density 890
Diversity Index2 27
 
 

INCOME

Median Household Income $40,000
Average Household Income $54,054
% of Income for Mortgage4 11%
Per Capita Income $23,091
Wealth Index5 33
Socioeconomic Status Index6 Low (37.1)
 

HOUSING

Total HU (Housing Units) 258 (100%)
Owner Occupied HU 163 (63.2%)
Renter Occupied HU 57 (22.1%)
Vacant Housing Units 38 (14.7%)
Median Home Value $71,184
Average Home Value $72,301
Housing Affordability Index3 173
 

HOUSEHOLDS

Total Households 220
Average Household Size 2.34
Family Households 137
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2025 2025-2030
Population 0.76% 0.00%
Households 1.35% 0.27%
Families   0.00%
Median Household Income   5.70%
Per Capita Income   2.12%
Owner Occupied HU   0.96%

Rankin, IL - Peer Comparisons by Rank and Percentile

The table below compares Rankin to the other 1,461 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 896 39th
Population Density # 759 48th
Median Household Income # 1440 2nd
Housing Affordability Index # 1166 80th
Per Capita Income # 1431 2nd
Diversity Index # 576 61st

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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