Living in Rainbow Park, Florida
Cost of living, income, home prices, rent and demographics of Rainbow Park · Census data 2020–2024
Rainbow Park has 2,056 residents with a median age of 41.4. The median household income is $66,550 (11% lower than the Florida median), the median home value is $197,600, the median rent is $1,443/month.
Rainbow Park at a glance
- Population
- 2,056
- Median age
- 41.4State: 42.6
- Median household income
- $66,550State: $74,568
- Median home value
- $197,600State: $359,000
- Median rent
- $1,443/moState: $1,669
- Homeowners
- 81.9%
- Bachelor's degree or higher
- 10.6%
- Average commute
- 29 min
Is Rainbow Park a good place to live?
Pros: Home values 45% lower than the state median; unemployment of 4.2%.
Cons: Median household income 11% lower than the Florida median; an average commute of 29 minutes; a poverty rate of 12.9%.
The weather is best in February–March and November–December.
Cost of living in Rainbow Park
Housing is the biggest part of the cost of living. In Rainbow Park the median home value is $197,600, 41% lower than the U.S. median. Renters pay a median of $1,443 per month, which is 51% of household income. Homeowners with a mortgage pay $1,276 a month in housing costs.
Rainbow Park median household income
The median household income in Rainbow Park is $66,550 and the income per person is $28,025. 12.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Rainbow Park: homes for sale and rent
- Housing units
- 739
- Owner-occupied
- 81.9%
- Renter-occupied
- 18.1%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2004
- Average household size
- 2.78
Rainbow Park demographics
- Population
- 2,056
- Median age
- 41.4
- Under 18
- 28.6%
- 65 and older
- 17.9%
- Households
- 739
- Foreign-born
- 14.2%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Rainbow Park ›
Education in Rainbow Park
10.6% of adults 25 and older in Rainbow Park have a bachelor's degree or higher (Florida: 34.1%), and 0.9% have a graduate or professional degree.
Jobs and commute in Rainbow Park
- Unemployment rate
- 4.2%State: 4.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 8.7%
- Drive alone
- 67.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.6%
Rainbow Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Rainbow Park | 2,056 | $66,550 | $197,600 | $1,443 |
| On Top of the World | 16,007 | $60,670 | $303,900 | $1,212 |
| Rainbow Springs | 6,082 | $57,161 | $310,600 | $1,112 |
| Dunnellon | 2,216 | $40,545 | $168,200 | $765 |
| Rainbow Lakes Estates | 3,762 | $50,429 | $160,400 | $1,030 |
| Liberty Triangle | 24,888 | $64,943 | $275,500 | $1,711 |
| Ocala | 66,584 | $56,376 | $241,400 | $1,359 |
| Citrus Springs | 12,215 | $68,011 | $240,000 | $1,324 |
| Hernando | 9,299 | $43,076 | $209,700 | $964 |
More for people moving to Rainbow Park
Rainbow Park ZIP code ›Weather and climate ›Living in Rainbow Park: FAQ
What is the median household income in Rainbow Park, FL?
The median household income in Rainbow Park is $66,550, 11% 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 Park?
The median home value in Rainbow Park is $197,600, compared with $359,000 in Florida.
How much is rent in Rainbow Park?
The median gross rent in Rainbow Park is $1,443 per month, about 51% of household income.
Is Rainbow Park, FL a good place to live?
Pluses: home values 45% lower than the state median; unemployment of 4.2%. Minuses: median household income 11% lower than the Florida median; an average commute of 29 minutes; a poverty rate of 12.9%.
What is the median age in Rainbow Park?
The median age in Rainbow Park is 41.4 years (Florida: 42.6).
How long is the commute in Rainbow Park?
The average commute to work in Rainbow Park is 29 minutes; 8.7% of workers work from home.
What is the unemployment rate in Rainbow Park?
The unemployment rate in Rainbow Park is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rainbow Park?
10.6% of adults in Rainbow Park 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.
Last updated: