Rainbow Lakes

Population: 1,376
Median household income: $109,083
Median home value: $531,700

Rainbow Lakes, a community in Morris County, New Jersey, has 1,376 residents. The median household income of $109,083 is below the Morris County median ($134,929).

From 2020 to 2023, Rainbow Lakes's population grew 7.8% from 1,276 to 1,376, while its median home value rose 23.5% from $430,400 to $531,700.

66.3% of homes are single-family detached houses. The typical home was built around 1964.

Demographics

ACS 2019–2023

Population: 1,376
Median age: 31.7 yrs
Median household income: $109,083
Median home value: $531,700
Median gross rent: $2,079
Housing units: 534
Homeownership rate: 65.0%
Bachelor's degree or higher: 62.8%
Unemployment rate: 4.1%

Trends

ACS 5-year · 2019–2023

Population

1,2761,376

Median household income

$110,781$109,083

Median home value

$430,400$531,700

Median gross rent

$1,878$2,079

Year	Population	Median household income	Median home value	Median gross rent
2020	1,276	$110,781	$430,400	—
2021	1,336	$108,125	$456,800	$1,878
2022	1,187	$102,917	$521,300	$1,916
2023	1,376	$109,083	$531,700	$2,079

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.9%

5 to 1721.4%

18 to 2411.5%

25 to 3419.8%

35 to 4411.5%

45 to 5419.3%

55 to 649.8%

65 to 741.2%

75 and over1.7%

	Count	Share
Under 5	53	3.9%
5 to 17	294	21.4%
18 to 24	158	11.5%
25 to 34	272	19.8%
35 to 44	158	11.5%
45 to 54	265	19.3%
55 to 64	135	9.8%
65 to 74	17	1.2%
75 and over	24	1.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	884	64.2%
Black or African American	9	0.7%
American Indian & Alaska Native	0	0.0%
Asian	318	23.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	49	3.6%
Hispanic or Latino (any race)	116	8.4%

Educational attainment (age 25+)

No high school diploma3.8%

High school graduate13.5%

Some college or associate's19.9%

Bachelor's degree41.1%

Graduate or professional degree21.7%

	Count	Share
No high school diploma	33	3.8%
High school graduate	118	13.5%
Some college or associate's	173	19.9%
Bachelor's degree	358	41.1%
Graduate or professional degree	189	21.7%

Commute to work

Mean travel time to work: 23 min

Drove alone69.7%

Carpooled9.0%

Public transit2.1%

Walked0.0%

Bicycle0.0%

Worked from home19.2%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	659	69.7%
Carpooled	85	9.0%
Public transit	20	2.1%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	181	19.2%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	221	28.9%
15 to 29 min	323	42.3%
30 to 44 min	142	18.6%
45 to 59 min	19	2.5%
60+ min	59	7.7%

Households

Average household size: 2.58
Poverty rate: 3.7% (51 of 1,376)

	Count	Share
Family households	333	62.4%
Nonfamily households	201	37.6%

Housing

Median year structure built: 1964

Occupancy

	Count	Share
Occupied	534	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	347	65.0%
Renter-occupied	187	35.0%

1-unit, detached66.3%

1-unit, attached0.0%

2 to 4 units7.7%

5 to 19 units14.0%

20 or more units12.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	354	66.3%
1-unit, attached	0	0.0%
2 to 4 units	41	7.7%
5 to 19 units	75	14.0%
20 or more units	64	12.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3461560
Type (LSAD): 57
Land area: 1.1 sq mi
Water area: 0.1 sq mi
Center point: 40.8741, -74.4550