All Countries
Rainbow Lakes, NJ
Full City Profile · New Jersey · Morris County County
4.1
/5.0
A
Great
1,376
Population
1,251/sq mi density
$109,083
Median Income
$49,371 per capita
$531,700
Home Value
$1,156,954 Zillow
$2,079
Median Rent
27.2% income on rent
52°F
Avg Temperature
275 sunny days/yr
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.8 / 5.0
$109,083 median income, 3.6% unemployment
B+
Affordability
3.9 / 5.0
$531,700 home value, $2,079/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
62.8% bachelor's degree or higher
Income Overview
Median Household Income
$109,083
45% above
US avg: $75,149
Per Capita Income
$49,371
26% above
US avg: $39,052
Unemployment Rate
3.6%
0% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%
Income Comparison: Rainbow Lakes vs. U.S. Average
Each bar shows Rainbow Lakes’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$109,083
145%
Per Capita
US: $39,052
$49,371
126%
IRS Avg AGI
US: $72,000
$156,784
218%
Avg Weekly Wage
US: $1,432
$1,946
136%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,946
36% above US avg ($1,432)
Mean Commute Time
23 min
17% below US avg (28 min)
Work From Home
19.2%
26% above US avg (15.2%)
Drive Alone
69.7%
5% below US avg (73.2%)
Public Transit
2.1%
58% below US avg (5.0%)
County GDP
$74,395M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
69.7%
Public Transit
2.1%
Work From Home
19.2%
Other
9%
Average commute time
23 minutes
US avg: 28 min
Business Landscape
Total Establishments
18,002
Restaurants
1,349
Healthcare
1,822
Retail
1,639
Manufacturing
496
Tax & Financial
IRS Avg Adjusted Gross Income
$156,784
118% above US avg ($72,000)
Avg Property Tax
$13,570
288% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $109,083 |
| Per Capita Income | $49,371 |
| IRS Avg Adjusted Gross Income | $156,784 |
| Avg Weekly Wage | $1,946 |
| County GDP | $74,395M |
Hardship Indicators
| Unemployment Rate | 3.6% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.461 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 23 minutes |
| Drive Alone | 69.7% |
| Public Transit | 2.1% |
| Work From Home | 19.2% |
Businesses
| Total Establishments | 18,002 |
| Restaurants | 1,349 |
| Healthcare | 1,822 |
| Retail | 1,639 |
| Manufacturing | 496 |
Tax
| IRS Avg AGI | $156,784 |
| Avg Property Tax | $13,570 |