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Rainbow Lake, AB
Alberta
Rainbow Lake is a small town in Alberta with a population of 495. Residents earn $168,000 per year, which is 124% above the national average.
Data updated June 2026
Discover Rainbow Lake, AB
Explore over 40 sections covering people, economy, housing, health, crime, climate, community, costs, trends, schools, colleges, hospitals, treatment centers, industries, museums, libraries, breweries, farmers markets, grocery stores, pharmacies, campgrounds, parks, trails, stadiums, ski resorts, daycare centers, nursing homes, churches, fire stations, cell towers, bridges, power plants, EV stations, prisons, radio stations, airports, police stations, post offices, Amtrak stations, superfund sites, UNESCO sites, and more.
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How Rainbow Lake Compares to the U.S. Average (100% = U.S. avg)
People
Economy
A+Housing
A+Crime
C+Climate
Education
DCommunity
Is Rainbow Lake a Good Place to Live?
Based on current data, Rainbow Lake receives an overall livability score of 3.5 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, low unemployment, affordable housing, abundant sunshine. Rainbow Lake offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Rainbow Lake is $168,000, which is significantly higher than the national average / 124% above $75,149. This places Rainbow Lake among higher-income communities. Unemployment stands at 3.3%, indicating a healthy job market. Only 6.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 16 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Rainbow Lake is $70,000, 75% below the national median / offering relatively affordable homeownership. Renters pay a median of $970 per month, below the national average / a plus for affordability. At just 0.4x median income, home prices are very affordable relative to local earnings.
Safety & Crime
Property crime occurs at a rate of 3,500 per 100,000, 79% above the national average.
Education
8.8% of residents hold a bachelor's degree, below the national average of 33.7%. 23.8% have completed high school.
Climate & Weather
Rainbow Lake has a cool climate with an average annual temperature of 31°F. Winters average -4°F in January while summers reach 60°F in July. With 307 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 15.8 inches, including 5.5 inches of snow.
Population
Gender Distribution
Race & Ethnicity
Rainbow Lake vs U.S. Average
Language Spoken at Home
Social Characteristics
Rainbow Lake vs U.S. Average
Income: Rainbow Lake vs U.S.
Commute Mode
Income
| Median HH Income | $168,000 |
| 124% above US avg | |
| Per Capita Income | $91,600 |
| Avg Weekly Wage | $1,762 |
Employment & Poverty
| Unemployment | 3.3% |
| 8% below US avg | |
| Poverty Rate | 6.4% |
| 48% below US avg | |
| Establishments (County) | 15 |
Business (County)
Tax & Cost of Living
Commute & Transportation
| Commute Time | 16.1 min |
| Drive Alone | 83.0% |
| Public Transit | 0.0% |
| Work from Home | 13.2% |
Walkability
Home Value Sources
Ownership Split
Home Values
| Census Median | $70,000 |
| 75% below US avg |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $970 |
| 17% below US avg | |
| Rent Burden | 0.0% |
Ownership & Property
| Homeownership | 26.8% |
| Owner-Occupied | 26.8% |
| Renter-Occupied | 70.7% |
| Housing Units | 205 |
Property Tax
Crime Rates: Rainbow Lake vs U.S. Average (per 100,000)
Violent Crime
Property Crime
| Total Property | 3,500.0/100K |
| 79% above US avg | |
| Burglary | 483.9/100K |
| Theft | 2,503.4/100K |
| Vehicle Theft | 504.8/100K |
Traffic Safety
Safety Score
| Safety Grade | C+ |
| Safety Score | 2.5 / 5.0 |
Temperature
| Annual Average | 30.8°F |
| 43% below US avg | |
| January Average | -4°F (-20°C) |
| July Average | 60°F (16°C) |
| Sunny Days | 307 days/yr |
Geography
| Elevation | 1,791 ft (546 m) |
| Area | 4.2 sq mi (10.7 km²) |
| Population Density | 119/sq mi |
| Coordinates | 58.5001°N, 119.3862°W |
| Timezone | America/Edmonton |
Precipitation & Snow
Air Quality
Monthly Weather
| Month | Avg Temperature | Precipitation | Summary |
|---|---|---|---|
| January | -4°F (-20°C) | 0.9 in | Coldest |
| February | 6°F (-15°C) | 0.7 in | |
| March | 15°F (-9°C) | 0.7 in | |
| April | 35°F (1°C) | 0.7 in | Driest |
| May | 48°F (9°C) | 1.5 in | |
| June | 56°F (14°C) | 2.4 in | |
| July | 60°F (16°C) | 3.0 in | Warmest, Wettest |
| August | 57°F (14°C) | 2.2 in | |
| September | 48°F (9°C) | 1.3 in | |
| October | 35°F (2°C) | 0.9 in | |
| November | 13°F (-11°C) | 0.9 in | |
| December | 2°F (-17°C) | 0.8 in |
Rainbow Lake has a seasonal temperature swing of 64°F / from -4°F in January to 60°F in July. Total annual precipitation is 15.9 inches, with July being the wettest month (3.0") and April the driest (0.7").
Education
| Bachelor's Degree+ | 8.8% |
| 74% below US avg | |
| High School+ | 23.8% |
| Graduate Degree+ | 0.0% |
Area & Infrastructure
| Population Density | 119/sq mi |
| Total Area | 4.2 sq mi |
Services
Commute & Transportation
| Avg Commute | 16.1 min |
| Drive Alone | 83.0% |
| Public Transit | 0.0% |
| Work from Home | 13.2% |
Schools in Rainbow Lake
1 public schools (NCES 2022-23 data).
| School | Level | Enrollment | Teachers | Student/Teacher |
|---|---|---|---|---|
| Rainbow Lake School | — | — | — | — |
Radio Stations near Rainbow Lake
0 stations within ~55 km.
| Station | Genre | Quality |
|---|
Hotels in Rainbow Lake
1 hotels within city radius — OpenStreetMap data
Gas Stations in Rainbow Lake
2 gas stations within city radius — OpenStreetMap data
Golf Courses in Rainbow Lake
1 golf courses within city radius — OpenStreetMap data
Airports Near Rainbow Lake
1 airports within the area.
| Airport | IATA | Type |
|---|---|---|
| Rainbow Lake Airport | YOP | Medium Airport |
Post Offices in Rainbow Lake
1 post offices.
| Post Office | Address |
|---|---|
| Rainbow Lake |
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Get ReportFrequently Asked Questions About Rainbow Lake
What is the population of Rainbow Lake?
Rainbow Lake has a population of 495 residents and is located in Alberta. The population density is 119 people per square mile, spread across 4.2 square miles. The median age of residents is 36.0 years, which is younger than the national median of 38.9 years. The population is 47.5% female and 53.5% male.
Is Rainbow Lake expensive to live in?
The median household income is $168,000, 124% above the national average of $75,149. The median home value is $70,000 (75% below the U.S. median). Renters pay a median of $970 per month, below the national average of $1,163. The home price-to-income ratio is 0.4x, indicating housing is reasonably affordable relative to local income levels.
Is Rainbow Lake safe?
Property crime occurs at a rate of 3,500 per 100,000 (above the national average). Overall, Rainbow Lake receives a safety grade of C+ based on combined crime data.
What is the weather like in Rainbow Lake?
Rainbow Lake has a cool climate with an average annual temperature of 31°F (-1°C). Winter temperatures average -4°F in January, while summers reach an average of 60°F in July. The area receives 307 sunny days per year, well above the national average of 205. Annual rainfall totals 15.8 inches, with 5.5 inches of snow.
How is the job market in Rainbow Lake?
Rainbow Lake has a healthy job market with an unemployment rate of 3.3%, near the national average of 3.6%. The average weekly wage is $1,762. There are 15 business establishments in the area. The average commute time is 16 minutes, and 13.2% of workers work from home.
How much does housing cost in Rainbow Lake?
The median home value in Rainbow Lake is $70,000. For renters, the median monthly rent is $970. The homeownership rate is 26.8%.
How are the schools in Rainbow Lake?
8.8% of adults in Rainbow Lake hold a bachelor's degree or higher, below the national average of 33.7%. 23.8% have completed high school. 0.0% hold a graduate or professional degree.
What is transportation like in Rainbow Lake?
The average commute in Rainbow Lake is 16 minutes, shorter than the national average of 28 minutes. 83% of workers drive alone to work, and 13.2% work from home.
What are the demographics of Rainbow Lake?
The racial and ethnic makeup of Rainbow Lake is 97.1% White. 88.9% of residents speak only English at home.