Rainbow Lakes, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Rainbow Lakes, New Jersey had a total population of 1,375, the 520th largest community in New Jersey, with a median household income of $93,051, which is 10% lower than the state average. The poverty rate is 7.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Rainbow Lakes Quick Facts
How Rainbow Lakes Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,376 | 1,375 | -0.1% |
| Median household income | $109,083 | $93,051 | -14.7% |
| Median home value | $531,700 | $481,800 | -9.4% |
How Rainbow Lakes Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Rainbow Lakes Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Morris County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Parsippany | 21,345 | $99,405 | 6.7% | $555,400 |
| Morristown | 20,453 | $121,340 | 7.8% | $567,600 |
| Dover | 18,563 | $73,737 | 14.2% | $366,700 |
| Madison | 16,447 | $171,471 | 3.2% | $943,200 |
| Florham Park | 13,564 | $158,696 | 8.7% | $791,400 |
| Lake Hiawatha | 11,018 | $104,663 | 3.4% | $428,600 |
| Pompton Plains | 10,971 | $117,959 | 5.6% | $539,000 |
| Lincoln Park | 10,957 | $123,397 | 2.9% | $443,300 |
| Budd Lake | 10,650 | $114,154 | 4.6% | $456,100 |
| Lake Hopatcong | 10,259 | $117,625 | 4.0% | $424,200 |
Cities Similar to Rainbow Lakes
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Kean University | 1,362 | N/A | N/A | 33.3% | N/A |
| Beesleys Point | 1,335 | N/A | $339,800 | 57.7% | 2.0% |
| Chesilhurst | 1,409 | $91,683 | $225,300 | 13.8% | 10.4% |
| Pemberton | 1,312 | $90,899 | $323,200 | 21.7% | 14.5% |
| Crandon Lakes | 1,293 | $94,167 | $284,300 | 31.1% | 4.0% |
Population Overview
Rainbow Lakes is a small community located in New Jersey, within Morris County. The total population is 1,375. It ranks as the 520th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Rainbow Lakes is 38.7 years. This is 3% lower than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Rainbow Lakes is $93,051. This is 10% lower than the state median of $103,556. It is also 15% higher than the national median of $80,734. The poverty rate stands at 7.1%. This is 27% lower than the state poverty rate of 9.7%. The unemployment rate is 5.1%. This is 19% lower than the state rate of 6.3%. The median home value is $481,800. Housing costs are 6% higher than the state median of $454,400. The home-value-to-income ratio is 5.2x. 67.4% of occupied housing units are owner-occupied. This homeownership rate is 6% higher than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Rainbow Lakes is White (non-Hispanic), making up 61.9% of the population. Asian residents account for 24.1%. The Black or African American population (0.7%) is well below the state average of 12.2%. The Hispanic or Latino population (9.7%) is well below the state average of 22.5%. The Asian population is significantly higher than the state average (24.1% vs 10.1%).
Education
52.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 20% higher than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.1%. Notably, 18.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Rainbow Lakes, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Rainbow Lakes, New Jersey?
Rainbow Lakes, New Jersey has a population of 1,375 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Rainbow Lakes, NJ?
The median household income in Rainbow Lakes is $93,051, which is 15% higher than the national median of $80,734.
What is the poverty rate in Rainbow Lakes, NJ?
The poverty rate in Rainbow Lakes is 7.1%. This means approximately 98 residents live below the federal poverty line.
What is the racial makeup of Rainbow Lakes, New Jersey?
Rainbow Lakes's population is 61.9% White, 0.7% Black, 9.7% Hispanic/Latino, and 24.1% Asian.
What is the median home value in Rainbow Lakes, NJ?
The median home value in Rainbow Lakes is $481,800. The home-value-to-income ratio is 5.2x.
How educated is Rainbow Lakes, New Jersey?
52.4% of adults (25+) in Rainbow Lakes hold a bachelor's degree or higher, and 18.5% hold a graduate or professional degree.