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Rainbow Lake, AB
Full City Profile · Alberta
3.5
/5.0
B+
Good
495
Population
119/sq mi density
$168,000
Median Income
$91,600 per capita
$70,000
Home Value
$970
Median Rent
0.0% income on rent
31°F
Avg Temperature
307 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$168,000 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$70,000 home value, $970/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.7 / 5.0
8.8% bachelor's degree or higher
Income Overview
Median Household Income
$168,000
124% above
US avg: $75,149
Per Capita Income
$91,600
135% above
US avg: $39,052
Unemployment Rate
3.3%
8% below
US avg: 3.6%
Poverty Rate
6.4%
48% below
US avg: 12.4%
Income Comparison: Rainbow Lake vs. U.S. Average
Each bar shows Rainbow Lake’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$168,000
224%
Per Capita
US: $39,052
$91,600
235%
Avg Weekly Wage
US: $1,432
$1,762
123%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,762
23% above US avg ($1,432)
Mean Commute Time
16 min
42% below US avg (28 min)
Work From Home
13.2%
13% below US avg (15.2%)
Drive Alone
83.0%
13% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
How Residents Get to Work
Drive Alone
83%
Public Transit
0%
Work From Home
13.2%
Other
3.8%
Average commute time
16 minutes
US avg: 28 min
Business Landscape
Total Establishments
15
Complete Economy Data
Income & Wages
| Median Household Income | $168,000 |
| Per Capita Income | $91,600 |
| Avg Weekly Wage | $1,762 |
Hardship Indicators
| Unemployment Rate | 3.3% |
| Poverty Rate | 6.4% |
Commute
| Mean Commute | 16 minutes |
| Drive Alone | 83.0% |
| Public Transit | 0.0% |
| Work From Home | 13.2% |
Businesses
| Total Establishments | 15 |