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Rainbow Lake, AB
Full City Profile · Alberta
Rainbow Lake, AB
At a Glance
How Rainbow Lake Compares to the U.S. Average
Each bar shows Rainbow Lake's value as a percentage of the national average (100% = U.S. avg)
Is Rainbow Lake a Good Place to Live?
Economy & Jobs
Rainbow Lake residents earn a median household income of $168,000 , which is 124% above the national average of $75,149. Per capita income is $91,600. The unemployment rate stands at 3.3% (8% below the U.S. rate of 3.6%). 6.4% of residents live below the poverty line. The area is home to 15 business establishments.
Housing & Cost of Living
The median home value in Rainbow Lake is $70,000 , 75% below the national median of $281,900. Median rent is $970/month, with 0.0% of renters spending more than 30% of income on housing.
Education
8.8% of adults in Rainbow Lake hold a bachelor's degree or higher (74% below the national average). 23.8% have completed high school.
Climate & Weather
Rainbow Lake has an average annual temperature of 31°F (-1°C). Winters average -4°F in January while summers reach 60°F in July. The area gets 307 sunny days per year. Annual precipitation totals 15.8 inches.