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Rainbow Lakes, NJ
Full City Profile · New Jersey · Morris County County
Rainbow Lakes, NJ
At a Glance
How Rainbow Lakes Compares to the U.S. Average
Each bar shows Rainbow Lakes's value as a percentage of the national average (100% = U.S. avg)
Is Rainbow Lakes a Good Place to Live?
Economy & Jobs
Rainbow Lakes residents earn a median household income of $109,083 , which is 45% above the national average of $75,149. Per capita income is $49,371. The unemployment rate stands at 3.6% (0% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 18,002 business establishments, including 1,349 restaurants.
Housing & Cost of Living
The median home value in Rainbow Lakes is $531,700 , 89% above the national median of $281,900. Zillow estimates the typical home at $1,156,954. Median rent is $2,079/month, with 27.2% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1960.
Safety & Crime
Rainbow Lakes reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 1,328/100K.
Education
62.8% of adults in Rainbow Lakes hold a bachelor's degree or higher (86% above the national average). 96.2% have completed high school. Local schools score 7.5/10 in standardized testing.
Climate & Weather
Rainbow Lakes has an average annual temperature of 52°F (11°C). Winters average 29°F in January while summers reach 75°F in July. The area gets 275 sunny days per year. Annual precipitation totals 49.2 inches. Air quality is rated Good with a median AQI of 39.