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Rainbow Lakes, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,375
Population
$93,051
Median Income
$481,800
Home Value
38.7
Median Age

Demographics

Rainbow Lakes has a population of 1,375 with a median age of 38.7. Here is the racial and ethnic breakdown of the population:

White
65.7%
Asian
24.1%
Hispanic
9.7%
Black
0.7%
Demographic Value
Total Population1,375
Median Age38.7
White65.7%
Black or African American0.7%
Asian24.1%
Hispanic or Latino9.7%
Rainbow Lakes, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 65.6%Asian: 24.1%Hispanic/Latino: 9.7%Other: 0.7%1,375PopulationWhiteWhite65.6%AsianAsian24.1%Hispanic/LatinoHispanic/Latino9.7%OtherOther0.7%

Income & Economy

The median household income in Rainbow Lakes is $93,051, which is 15.4% above the national median of $80,610. The per capita income is $46,939. The poverty rate is 7.1%.

$93,051
Median Household Income
$46,939
Per Capita Income
7.1%
Poverty Rate

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Education

In Rainbow Lakes, 93.1% of residents age 25+ have a high school diploma or higher, and 52.4% hold a bachelor's degree or higher (18.5% with a graduate or professional degree).

HS Diploma+
93.1%
Bachelor's+
52.4%
Graduate+
18.5%
Education Level % of Adults (25+)
High School Diploma or Higher93.1%
Bachelor's Degree or Higher52.4%
Graduate or Professional Degree18.5%

Housing

The median home value in Rainbow Lakes is $481,800, above the national median of $303,400. The median monthly rent is $2,022. The homeownership rate is 67.4%.

$481,800
Median Home Value
$2,022/mo
Median Rent
67.4%
Homeownership Rate
Housing Metric Value
Median Home Value$481,800
Median Monthly Rent$2,022
Homeownership Rate67.4%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Rainbow Lakes, New Jersey?
The population of Rainbow Lakes, New Jersey is 1,375 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Rainbow Lakes, New Jersey?
The median household income in Rainbow Lakes, New Jersey is $93,051. This is 15.4% above the national median of $80,610.
What is the median home value in Rainbow Lakes, New Jersey?
The median home value in Rainbow Lakes, New Jersey is $481,800. The median monthly rent is $2,022.
What percentage of people in Rainbow Lakes have a college degree?
In Rainbow Lakes, New Jersey, 52.4% of adults age 25 and older hold a bachelor's degree or higher, and 93.1% have a high school diploma or higher.
Is Rainbow Lakes, New Jersey an affordable place to live?
The home price-to-income ratio in Rainbow Lakes, New Jersey is 5.2x (median home value $481,800 vs. median income $93,051), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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