Living in Rainbow Springs, Florida
Cost of living, income, home prices, rent and demographics of Rainbow Springs · Census data 2020–2024
Rainbow Springs has 6,082 residents with a median age of 65.3. The median household income is $57,161 (23% lower than the Florida median), the median home value is $310,600, the median rent is $1,112/month.
Rainbow Springs at a glance
- Population
- 6,082
- Median age
- 65.3State: 42.6
- Median household income
- $57,161State: $74,568
- Median home value
- $310,600State: $359,000
- Median rent
- $1,112/moState: $1,669
- Homeowners
- 90.9%
- Bachelor's degree or higher
- 28.7%
- Average commute
- 33 min
Is Rainbow Springs a good place to live?
Pros: Home values 13% lower than the state median; unemployment of 3.5%; a poverty rate of 9.3%.
Cons: Median household income 23% lower than the Florida median; an average commute of 33 minutes.
The weather is best in February–March and November–December.
Cost of living in Rainbow Springs
Housing is the biggest part of the cost of living. In Rainbow Springs the median home value is $310,600, 7% lower than the U.S. median. Renters pay a median of $1,112 per month, which is 27.6% of household income. Homeowners with a mortgage pay $1,394 a month in housing costs.
Rainbow Springs median household income
The median household income in Rainbow Springs is $57,161 and the income per person is $36,194. 9.3% of residents live below the poverty line (Florida: 12.6%).
Housing in Rainbow Springs: homes for sale and rent
- Housing units
- 3,166
- Owner-occupied
- 90.9%
- Renter-occupied
- 9.1%
- Vacant
- 8.7%Includes seasonal homes
- Median year built
- 1996
- Average household size
- 2.10
Rainbow Springs demographics
- Population
- 6,082
- Median age
- 65.3
- Under 18
- 11.2%
- 65 and older
- 50.8%
- Households
- 2,890
- Foreign-born
- 5.9%
- Veterans
- 12.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Rainbow Springs ›
Education in Rainbow Springs
28.7% of adults 25 and older in Rainbow Springs have a bachelor's degree or higher (Florida: 34.1%), and 11% have a graduate or professional degree.
Jobs and commute in Rainbow Springs
- Unemployment rate
- 3.5%State: 4.8%
- Average commute
- 33 minState: 28 min
- Work from home
- 25.5%
- Drive alone
- 65.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.2%
Rainbow Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| 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 |
| Rainbow Park | 2,056 | $66,550 | $197,600 | $1,443 |
| Citrus Springs | 12,215 | $68,011 | $240,000 | $1,324 |
| On Top of the World | 16,007 | $60,670 | $303,900 | $1,212 |
| Hernando | 9,299 | $43,076 | $209,700 | $964 |
| Pine Ridge | 10,762 | $71,014 | $384,800 | $1,530 |
| Beverly Hills | 9,650 | $46,488 | $164,500 | $1,199 |
More for people moving to Rainbow Springs
Rainbow Springs ZIP code ›Weather and climate ›Living in Rainbow Springs: FAQ
What is the median household income in Rainbow Springs, FL?
The median household income in Rainbow Springs is $57,161, 23% 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 Springs?
The median home value in Rainbow Springs is $310,600, compared with $359,000 in Florida.
How much is rent in Rainbow Springs?
The median gross rent in Rainbow Springs is $1,112 per month, about 27.6% of household income.
Is Rainbow Springs, FL a good place to live?
Pluses: home values 13% lower than the state median; unemployment of 3.5%; a poverty rate of 9.3%. Minuses: median household income 23% lower than the Florida median; an average commute of 33 minutes.
What is the median age in Rainbow Springs?
The median age in Rainbow Springs is 65.3 years (Florida: 42.6).
How long is the commute in Rainbow Springs?
The average commute to work in Rainbow Springs is 33 minutes; 25.5% of workers work from home.
What is the unemployment rate in Rainbow Springs?
The unemployment rate in Rainbow Springs is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rainbow Springs?
28.7% of adults in Rainbow Springs 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: