Rainbow Lakes, NJ
Population 1,376 · New Jersey
About Rainbow Lakes, NJ
Rainbow Lakes is a small community in New Jersey with a population of 1,376 residents. The median household income is $109,083 per year, which is above the national average. The median age in Rainbow Lakes is 31.7 years.
Housing in Rainbow Lakes has a median home value of $531,700 and median monthly rent of $2,079. Of the 534 total housing units, the majority are owner-occupied, with 347 owner-occupied and 187 renter-occupied units.
The unemployment rate in Rainbow Lakes is 4.1% and the poverty rate is 3.7%. 62.8% of residents hold a bachelor's degree or higher. The average commute time is 23 minutes.
Cost of Living in Rainbow Lakes, NJ
Compared to national averages, Rainbow Lakes has a median household income of $109,083 (45% above the national median of $75,149). Home values average $531,700, which is 117% above the national median. Monthly rent at $2,079 is 79% above the US average of $1,163. Within New Jersey, Rainbow Lakes's income is 6% below the state average of $115,667, and home values are 13% above the state median of $469,644.
Why Live in Rainbow Lakes, NJ?
Rainbow Lakes offers a strong local economy with a median household income of $109,083, well above the national average, and a well-educated community where 62.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.7%, better than the national average. Additionally, the city features short commute times averaging just 23 minutes.
Potential considerations include a competitive housing market where the typical home costs $531,700. However, Rainbow Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rainbow Lakes has a population of 1,376 with a median age of 31.7 years. Compare Rainbow Lakes with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Rainbow Lakes
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pemberton | 1,373 | $88,333 | $303,200 | Compare |
| Centre Grove | 1,371 | $104,028 | $209,300 | Compare |
| Chester | 1,359 | $152,578 | $640,400 | Compare |
| Kean University | 1,359 | $0 | $0 | Compare |
| Farmingdale | 1,399 | $97,574 | $401,000 | Compare |
| Victory Lakes | 1,403 | $97,273 | $228,000 | Compare |
| Sunset Lake | 1,341 | $53,663 | $539,200 | Compare |
| Chesilhurst | 1,340 | $89,904 | $215,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Rainbow Lakes
What is the population of Rainbow Lakes, NJ?
The population of Rainbow Lakes, NJ is 1,376 according to the latest Census data.
What is the median household income in Rainbow Lakes?
The median household income in Rainbow Lakes, NJ is $109,083 per year.
What is the median home value in Rainbow Lakes?
The median home value in Rainbow Lakes, NJ is $531,700.
What is the average rent in Rainbow Lakes?
The median monthly rent in Rainbow Lakes, NJ is $2,079.
What is the unemployment rate in Rainbow Lakes?
The unemployment rate in Rainbow Lakes, NJ is 4.1%.