New Jersey · Census place 61560
Rainbow Lakes CDP, NJ
Quick answer
Rainbow Lakes CDP has 1,376 residents, ranking #519 of 700 places in New Jersey. Median household income is $109,083, the median home is worth $531,700 and median gross rent runs $2,079 a month.
- Population
- 1,376Rainbow Lakes CDP residents
- Median household income
- $109,083Past 12 months, inflation adjusted
- Median home value
- $531,700Owner-occupied units
- Median gross rent
- $2,079Rent plus utilities, monthly
- Median age
- 31.7 yrsAll residents
- Homeownership rate
- 65%Owner-occupied households
What the numbers mean in Rainbow Lakes CDP
Housing cost measured against local earnings.
A household earning the Rainbow Lakes CDP median would spend about 22.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.7% of residents and 65% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Silver Lake CDP (Cumberland County) 1,447
- Victory Lakes CDP 1,403
- Farmingdale borough 1,399
- Pemberton borough 1,373
- Centre Grove CDP 1,371
- Chester borough 1,359
- Kean University CDP 1,359
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