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Rainbow Lake, NY
Considering a move to Rainbow Lake, NY? This tranquil Adirondack hamlet has a close-knit population of about 300, affordable median home prices around $254,000, and low crime rates—just 50 violent crimes per 100K. Residents enjoy a reasonable cost of living, average commutes of 27 minutes, and access to quality local schools. The area offers four-season outdoor recreation, peaceful surroundings, and a strong sense of community—perfect for those seeking a quieter lifestyle in upstate New York.
Rainbow Lake is a small, close-knit community of around 300 residents, characterized by a predominantly White population and a median age of 48.2. The area has a low population density, fostering a peaceful, rural atmosphere ideal for those seeking tranquility and a slower pace of life.
The cost of living in Rainbow Lake is slightly below the national average, with a median home value of $254,000 and average rent of $1,050. Housing is particularly affordable, though utilities tend to run a bit higher, making it an attractive option for budget-conscious families.
Rainbow Lake boasts a low crime rate, with only 50 violent crimes and 450 property crimes per 100,000 residents. The odds of experiencing violent crime are very low, contributing to the area’s safe and secure reputation.
Residents experience distinct seasons, with cold, snowy winters and mild summers reaching up to 78°F. The area receives about 38.5 inches of rainfall annually and enjoys sunshine on 47% of days, making it ideal for year-round outdoor activities.
The community enjoys a median household income of $65,000 and a family income of $80,000, with a poverty rate just above 10%. Most residents have attained at least a high school education, and commute times average about 27 minutes, reflecting the area's rural charm and self-sufficiency.
Rainbow Lake families benefit from quality public schools in nearby Saranac Lake, with low student-teacher ratios and strong community support. Higher education is accessible just 12 miles away at North Country Community College, making lifelong learning convenient.
Rainbow Lake residents have access to Adirondack Medical Center nearby, providing general and emergency care. With 93% health insurance coverage and 1.5 physicians per 1,000 people, essential healthcare services are readily available.
The housing market is stable and accessible, with a median home price of $254,000 and over 82% owner occupancy. Home values have appreciated by 6.2% over the past year, making it an appealing choice for those looking to invest in a peaceful community.
Local motor vehicle services are provided by the New York State Department of Motor Vehicles in Malone, about 30 miles away, offering standard licensing and registration services for Rainbow Lake residents.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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