Rainbow Park, FL
Population 2,070 · Florida
About Rainbow Park, FL
Rainbow Park is a small town located in Florida with a population of 2,070 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,685 per year, which is 30% below the national median of $75,149. The median age of 35.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Rainbow Park features a median home value of $165,400, which is 32% below the national median of $244,900. This positions Rainbow Park in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 652 total housing units, 96% are owner-occupied (623 units) and 4% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Rainbow Park shows an unemployment rate of 13.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 44.7%, above the national average of 12.4%. Workers in Rainbow Park have an average one-way commute time of 25.6 minutes.
Education & Demographics
13.9% of Rainbow Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 4.9% Hispanic or Latino, 23.8% Black or African American, and 11.0% Asian residents, with 11.1% of the population being foreign-born.
Cost of Living in Rainbow Park, FL
Compared to national averages, Rainbow Park has a median household income of $52,685 (30% below the national median of $75,149). Home values average $165,400, which is 32% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Florida, Rainbow Park's income is 31% below the state average of $75,893, and home values are 53% below the state median of $353,675.
Why Live in Rainbow Park, FL?
Rainbow Park offers affordable housing with a median home value of $165,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($52,685) that falls below the national average. However, Rainbow Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rainbow Park has a population of 2,070 with a median age of 35.7 years. Compare Rainbow Park with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Rainbow Park
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Homosassa | 2,072 | $60,889 | $327,900 | Compare |
| Chiefland | 2,078 | $55,125 | $150,600 | Compare |
| Roseland | 2,080 | $68,551 | $287,200 | Compare |
| Redington Shores | 2,057 | $101,518 | $715,400 | Compare |
| Trenton | 2,085 | $48,109 | $161,600 | Compare |
| Bear Creek | 2,091 | $66,780 | $436,300 | Compare |
| Grove City | 2,049 | $51,332 | $269,700 | Compare |
| Tangelo Park | 2,103 | $65,761 | $239,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Rainbow Park With Other Cities
Frequently Asked Questions about Rainbow Park
What is the population of Rainbow Park, FL?
The population of Rainbow Park, FL is 2,070 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Rainbow Park?
The median household income in Rainbow Park, FL is $52,685 per year, which is 30% below the national median of $75,149.
What is the median home value in Rainbow Park?
The median home value in Rainbow Park, FL is $165,400, which is 32% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Rainbow Park?
The median monthly rent in Rainbow Park, FL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Rainbow Park?
The unemployment rate in Rainbow Park, FL is 13.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Rainbow Park, FL a good place to live?
Rainbow Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,070 and a median age of 35.7, the city appeals to a broad range of residents.
How educated is Rainbow Park, FL?
13.9% of residents in Rainbow Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Rainbow Park?
Key cost-of-living indicators for Rainbow Park, FL: median home value is $165,400 (32% below national), median rent is $0/month, and median household income is $52,685. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Rainbow Park?
The poverty rate in Rainbow Park, FL is 44.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Rainbow Park, FL?
Rainbow Park's population is 0.0% White, 4.9% Hispanic or Latino, 23.8% Black or African American, 11.0% Asian, and 10.4% two or more races. 11.1% of residents are foreign-born.