Living in Rainbow Lakes Estates, Florida
Cost of living, income, home prices, rent and demographics of Rainbow Lakes Estates · Census data 2020–2024
Rainbow Lakes Estates has 3,762 residents with a median age of 52.4. The median household income is $50,429 (32% lower than the Florida median), the median home value is $160,400, the median rent is $1,030/month.
Rainbow Lakes Estates at a glance
- Population
- 3,762
- Median age
- 52.4State: 42.6
- Median household income
- $50,429State: $74,568
- Median home value
- $160,400State: $359,000
- Median rent
- $1,030/moState: $1,669
- Homeowners
- 90.3%
- Bachelor's degree or higher
- 13.9%
- Average commute
- 39 min
Is Rainbow Lakes Estates a good place to live?
Pros: Home values 55% lower than the state median; a poverty rate of 11.9%.
Cons: Median household income 32% lower than the Florida median; an average commute of 39 minutes; unemployment of 6.3%.
The weather is best in March–April and October–November.
Cost of living in Rainbow Lakes Estates
Housing is the biggest part of the cost of living. In Rainbow Lakes Estates the median home value is $160,400, 52% lower than the U.S. median. Renters pay a median of $1,030 per month, which is 21.4% of household income. Homeowners with a mortgage pay $1,388 a month in housing costs.
Rainbow Lakes Estates median household income
The median household income in Rainbow Lakes Estates is $50,429 and the income per person is $25,372. 11.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Rainbow Lakes Estates: homes for sale and rent
- Housing units
- 1,770
- Owner-occupied
- 90.3%
- Renter-occupied
- 9.7%
- Vacant
- 16.3%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.54
Rainbow Lakes Estates demographics
- Population
- 3,762
- Median age
- 52.4
- Under 18
- 22.3%
- 65 and older
- 32%
- Households
- 1,482
- Foreign-born
- 2.5%
- Veterans
- 11.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Rainbow Lakes Estates ›
Education in Rainbow Lakes Estates
13.9% of adults 25 and older in Rainbow Lakes Estates have a bachelor's degree or higher (Florida: 34.1%), and 5.6% have a graduate or professional degree.
Jobs and commute in Rainbow Lakes Estates
- Unemployment rate
- 6.3%State: 4.8%
- Average commute
- 39 minState: 28 min
- Work from home
- 8.2%
- Drive alone
- 85.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 74.2%
Rainbow Lakes Estates vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Rainbow Lakes Estates | 3,762 | $50,429 | $160,400 | $1,030 |
| Rainbow Springs | 6,082 | $57,161 | $310,600 | $1,112 |
| Dunnellon | 2,216 | $40,545 | $168,200 | $765 |
| Rainbow Park | 2,056 | $66,550 | $197,600 | $1,443 |
| Citrus Springs | 12,215 | $68,011 | $240,000 | $1,324 |
| Williston Highlands | 3,666 | $79,662 | $228,400 | $723 |
| Inglis | 1,742 | $56,500 | $180,700 | $344 |
| On Top of the World | 16,007 | $60,670 | $303,900 | $1,212 |
| Pine Ridge | 10,762 | $71,014 | $384,800 | $1,530 |
More for people moving to Rainbow Lakes Estates
Rainbow Lakes Estates ZIP code ›Weather and climate ›Living in Rainbow Lakes Estates: FAQ
What is the median household income in Rainbow Lakes Estates, FL?
The median household income in Rainbow Lakes Estates is $50,429, 32% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Rainbow Lakes Estates?
The median home value in Rainbow Lakes Estates is $160,400, compared with $359,000 in Florida.
How much is rent in Rainbow Lakes Estates?
The median gross rent in Rainbow Lakes Estates is $1,030 per month, about 21.4% of household income.
Is Rainbow Lakes Estates, FL a good place to live?
Pluses: home values 55% lower than the state median; a poverty rate of 11.9%. Minuses: median household income 32% lower than the Florida median; an average commute of 39 minutes; unemployment of 6.3%.
What is the median age in Rainbow Lakes Estates?
The median age in Rainbow Lakes Estates is 52.4 years (Florida: 42.6).
How long is the commute in Rainbow Lakes Estates?
The average commute to work in Rainbow Lakes Estates is 39 minutes; 8.2% of workers work from home.
What is the unemployment rate in Rainbow Lakes Estates?
The unemployment rate in Rainbow Lakes Estates is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rainbow Lakes Estates?
13.9% of adults in Rainbow Lakes Estates have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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