Rainbow Springs, FL

Full City Profile · Florida · Marion County County

3.4 /5.0
B Good
5,226 Population 453/sq mi density
$49,535 Median Income $32,792 per capita
$264,600 Home Value $267,833 Zillow
$1,118 Median Rent 51.0% income on rent
70°F Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$49,535 median income, 1.2% unemployment
B+
Affordability
3.7 / 5.0
$264,600 home value, $1,118/mo rent
C+
Education
2.8 / 5.0
22.7% bachelor's degree or higher

Rainbow Springs, FL

At a Glance

Median Income
$49,535
34% below
$32,792 per capita
Home Value
$264,600
6% below
Zillow: $267,833
Median Rent
$1,118/mo
4% below
51.0% of income on rent
Bachelor's Degree+
22.7%
33% below
93.0% high school+
Unemployment
1.2%
67% below
11.2% poverty rate
Obesity Rate
37.1%
16% above
17.5% smoking rate
Avg Temperature
70°F

How Rainbow Springs Compares to the U.S. Average

Each bar shows Rainbow Springs's value as a percentage of the national average (100% = U.S. avg)

Income
66%
Home Value
94%
Rent
96%
Poverty
90%
Bachelor's
67%
Unemployment
33%
Thin vertical line = U.S. national average (100%)

Is Rainbow Springs a Good Place to Live?

B
3.4 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Rainbow Springs residents earn a median household income of $49,535 , which is 34% below the national average of $75,149. Per capita income is $32,792. The unemployment rate stands at 1.2% (67% below the U.S. rate of 3.6%). 11.2% of residents live below the poverty line. The area is home to 10,226 business establishments, including 570 restaurants.

Housing & Cost of Living

The median home value in Rainbow Springs is $264,600 , 6% below the national median of $281,900. Zillow estimates the typical home at $267,833. Median rent is $1,118/month, with 51.0% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 1996.

Education

22.7% of adults in Rainbow Springs hold a bachelor's degree or higher (33% below the national average). 93.0% have completed high school. Local schools score 5.2/10 in standardized testing.

Climate & Weather

Rainbow Springs has an average annual temperature of 70°F (21°C). Winters average 56°F in January while summers reach 81°F in July. Annual precipitation totals 52.4 inches.

Data Overview

People

Population5,226
Median Age65.7 yrs
Density453/mi²
Male / Female51% / 49%
Foreign Born5.5%
Veterans12.6%

Economy

B+
Median Income$49,535
Per Capita$32,792
Unemployment1.2%
Poverty11.2%
County GDP$17,641M
Avg Weekly Wage$1,010

Housing

B+
Home Value$264,600
Rent$1,118
Ownership89.2%
Zillow$267,833
Housing Units2,899
Rent Burden51.0%

Health

Obesity37.1%
Diabetes10.7%
Smoking17.5%
Heart Disease6.7%
Premature Death12,581/100K

Climate

Avg Temp70°F
Rain52.4 in/yr
Elevation73 ft

Education

C+
Bachelor's+22.7%
High School+93.0%
Graduate+9.6%
School Score5.2/10

Community

2024 VoteR 65% / D 34%
Commute33 min
Broadband92.0%
Internet Speed138 Mbps
EV Stations2
Libraries8

Did You Know?

The median home in Rainbow Springs was built in 1996.
The nearest airport is Ocala International-Jim Taylor Field (14 miles).
The Gini coefficient (income inequality) is 0.450 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
19.4% of the population has a disability.
Average internet download speed is 138 Mbps.
There are 570 restaurants in the area.
The county recorded 104 fatal vehicle crashes.