Rainbow Springs, FL
Population 5,226 · Florida
About Rainbow Springs, FL
Rainbow Springs is a small town located in Florida with a population of 5,226 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,535 per year, which is 34% below the national median of $75,149. The median age of 65.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Rainbow Springs features a median home value of $264,600, which is 8% above the national median of $244,900. This positions Rainbow Springs in a moderately priced market relative to the rest of the country. Median monthly rent is $1,118, 4% below the national average of $1,163/month. Of the 2,943 total housing units, 89% are owner-occupied (2,310 units) and 11% are renter-occupied (279 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Rainbow Springs shows an unemployment rate of 1.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.2%, above the national average of 12.4%. Workers in Rainbow Springs have an average one-way commute time of 33.1 minutes.
Education & Demographics
22.7% of Rainbow Springs 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, 0.2% Hispanic or Latino, 14.8% Black or African American, and 0.5% Asian residents, with 5.5% of the population being foreign-born.
How Rainbow Springs Ranks in Florida
Cost of Living in Rainbow Springs, FL
Compared to national averages, Rainbow Springs has a median household income of $49,535 (34% below the national median of $75,149). Home values average $264,600, which is 8% above the national median. Monthly rent at $1,118 is 4% below the US average of $1,163. Within Florida, Rainbow Springs's income is 35% below the state average of $75,893, and home values are 25% below the state median of $353,675.
Why Live in Rainbow Springs, FL?
Rainbow Springs offers rent that’s lower than the national average at $1,118/month, and a strong job market with an unemployment rate of just 1.2%.
Potential considerations include median household income ($49,535) that falls below the national average. However, Rainbow Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rainbow Springs has a population of 5,226 with a median age of 65.7 years. Compare Rainbow Springs with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Rainbow Springs
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crystal Lake | 5,203 | $47,679 | $174,900 | Compare |
| Flagler Beach | 5,250 | $81,193 | $496,800 | Compare |
| River Ridge | 5,191 | $86,786 | $303,400 | Compare |
| Naples Manor | 5,262 | $63,142 | $340,000 | Compare |
| Samsula-Spruce Creek | 5,174 | $90,575 | $384,100 | Compare |
| Fort Meade | 5,172 | $35,131 | $141,500 | Compare |
| Palm Springs North | 5,291 | $97,083 | $476,500 | Compare |
| Whiskey Creek | 5,298 | $99,242 | $345,100 | 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 Springs With Other Cities
Frequently Asked Questions about Rainbow Springs
What is the population of Rainbow Springs, FL?
The population of Rainbow Springs, FL is 5,226 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 Springs?
The median household income in Rainbow Springs, FL is $49,535 per year, which is 34% below the national median of $75,149.
What is the median home value in Rainbow Springs?
The median home value in Rainbow Springs, FL is $264,600, which is 8% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Rainbow Springs?
The median monthly rent in Rainbow Springs, FL is $1,118, which is 4% below the national average of $1,163/month.
What is the unemployment rate in Rainbow Springs?
The unemployment rate in Rainbow Springs, FL is 1.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Rainbow Springs, FL a good place to live?
Rainbow Springs offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 5,226 and a median age of 65.7, the city appeals to established professionals and retirees.
How educated is Rainbow Springs, FL?
22.7% of residents in Rainbow Springs 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 Springs?
Key cost-of-living indicators for Rainbow Springs, FL: median home value is $264,600 (8% above national), median rent is $1,118/month, and median household income is $49,535. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Rainbow Springs?
The poverty rate in Rainbow Springs, FL is 15.2%, 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 Springs, FL?
Rainbow Springs's population is 0.0% White, 0.2% Hispanic or Latino, 14.8% Black or African American, 0.5% Asian, and 0.8% two or more races. 5.5% of residents are foreign-born.