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CITY

Rainbow Lakes

New Jersey · 1,375 residents · 1.097 sq mi
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The short version

Rainbow Lakes is wealthier than most US places, with a median household income of $93,051. Population has held roughly steady since 2023. 52% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $481,800. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 38.7
US median: 38.9
More educated
52% hold a bachelor's degree
US average: 36%
More affordable
home values down 12%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,375
Unchangedsince 2023
from 1,376 in 2023
2020 – 2024
Population density
1,253 / sq mi
Unchangedsince 2023
from 1,254 / sq mi in 2023
US average: 281
Median age
38.7
+22%since 2023
from 31.7 in 2023
US average: 38.9
Population, 2020 – 2024
1K1K1K1K1K20202024Rainbow Lakes
20241K
20202024
Section 02

Income & economy

Median household income
$93,051
−17%inflation adjusted, since 2023
from $109,083 in 2023
US average: $82,259
2020 – 2024
Per capita income
$46,939
−5%since 2023
from $49,371 in 2023
US average: $44,673
Households earning $100K+
72.8%
−8.3 ptssince 2023
from 81.1% in 2023
US average: 53.3%
Poverty rate
7.1%
+3.4 ptssince 2023
from 3.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.366
+7%since 2023
from 0.343 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade10.1%
US avg: 9.9%
Other services6.8%
US avg: 6.7%
Information6.7%
US avg: 10.8%
Public administration5.2%
US avg: 4.8%
Transportation & warehousing2.4%
US avg: 2.2%
Wholesale trade1.5%
US avg: 6.9%
Finance & insurance1.4%
US avg: 5.9%
Professional, scientific, technical1.4%
US avg: 5.1%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$481,800
−12%inflation adjusted, since 2023
from $531,700 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$2,022
−6%inflation adjusted, since 2023
from $2,079 in 2023
US average: $1,442
Owner-occupied
67.4%
+2.4 ptssince 2023
from 65.0% in 2023
32.6% rent
Vacancy rate
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 10.0%
Owner cost-burdened
34.6%
+15.9 ptssince 2023
from 18.7% in 2023
US average: 22.9%
Renter cost-burdened
39.8%
+12.0 ptssince 2023
from 27.8% in 2023
US average: 47.4%
Afford Score
5.2
+6%since 2023
from 4.9 in 2023
2020 – 2024
RELATED:See current rent listings in Rainbow Lakes on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic64.2%(884)
Black0.7%(9)
Hispanic / Latino8.4%(116)
Asian23.1%(318)
Other3.6%(49)
Diversity Score65.7%(904)
2024
White, non-Hispanic61.9%(851)
Black0.7%(9)
Hispanic / Latino9.7%(133)
Asian24.1%(332)
Other3.6%(50)
Diversity Score68.5%(942)
Diversity Score
68
+4%since 2023
from 66 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
52.4%
−10.4 ptssince 2023
from 62.8% in 2023
US average: 35.6%
High school or higher
93.1%
−3.1 ptssince 2023
from 96.2% in 2023
US average: 89.6%
Graduate degree
18.5%
−3.2 ptssince 2023
from 21.7% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
24.4 min
+6%since 2023
from 23.0 min in 2023
US average: 26.5
Drive alone to work
67.8%
−1.9 ptssince 2023
from 69.7% in 2023
US average: 68.9%
Carpooled to work
5.6%
−3.4 ptssince 2023
from 9.0% in 2023
US average: 8.5%
Public transit
2.5%
+0.4 ptssince 2023
from 2.1% in 2023
US average: 3.2%
Worked from home
24.0%
+4.9 ptssince 2023
from 19.2% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
6.9%
−0.1 ptssince 2023
from 6.9% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.1%
+1.0 ptssince 2023
from 4.1% in 2023
US average: 5.2%
Labor force participation
80.2%
−9.2 ptssince 2023
from 89.5% in 2023
US average: 63.5%
Self-employed
8.7%
−8.7 ptssince 2023
from 17.4% in 2023
US average: 13.1%
Management & professional
56.5%
+1.7 ptssince 2023
from 54.8% in 2023
US average: 42.5%
Section 08

People & community

Male
53.9%
+7.9 ptssince 2023
from 46.0% in 2023
Female
46.1%
−7.9 ptssince 2023
from 54.0% in 2023
Foreign born
26.5%
+6.0 ptssince 2023
from 20.6% in 2023
US average: 14.1%
Veterans
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 6.2%
With a disability
7.4%
+1.2 ptssince 2023
from 6.2% in 2023
US average: 13.3%
Uninsured
8.6%
+6.8 ptssince 2023
from 1.8% in 2023
US average: 8.4%
Broadband at home
97.6%
−2.4 ptssince 2023
from 100.0% in 2023
US average: 91.0%
English only at home
58.0%
−7.7 ptssince 2023
from 65.7% in 2023
US average: 77.7%
Spanish at home
8.8%
+4.1 ptssince 2023
from 4.7% in 2023
US average: 13.6%
Drill deeper

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RAINBOW LAKES VS
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Frequently asked

How many people live in Rainbow Lakes, New Jersey?

Rainbow Lakes, New Jersey has about 1,375 residents according to the 2024 American Community Survey.

What is the median household income in Rainbow Lakes, New Jersey?

The typical household in Rainbow Lakes, New Jersey earns about $93,051 a year. Half of households make more than that, and half make less.

Is Rainbow Lakes, New Jersey expensive?

In Rainbow Lakes, New Jersey, the median home is worth about $481,800, and the typical rent is about $2,022 a month.

How educated are people in Rainbow Lakes, New Jersey?

About 52.4% of adults age 25 and over in Rainbow Lakes, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Rainbow Lakes, New Jersey?

About 7.1% of people in Rainbow Lakes, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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