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Illinois · Census place 62744

Rankin village, IL

Quick answer

Rankin village has 560 residents, ranking #901 of 1462 places in Illinois. Median household income is $47,125, the median home is worth $57,700 and median gross rent runs $718 a month.

Population
560Rankin village residents
Median household income
$47,125Past 12 months, inflation adjusted
Median home value
$57,700Owner-occupied units
Median gross rent
$718Rent plus utilities, monthly
Median age
32.7 yrsAll residents
Homeownership rate
68%Owner-occupied households

What the numbers mean in Rankin village

Housing cost measured against local earnings.

A household earning the Rankin village median would spend about 18.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 39% of residents and 68% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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