Everything You Should Know Before Moving to 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.
Demographics - Rainbow Lake, NY
Demographics - Rainbow Lake, NY
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.
Population:
300
Density:
12 per sq mi
Median Age:
48.2
Gender Ratio:
102 males per 100 females
Non-English Speakers Percentage:
3.2%
Ethnic Composition
White:
95.7%
Black:
0.8%
Asian:
0.6%
Others:
2.9%
Cost Of Living
What is the average cost of living in Rainbow Lake, NY?
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.
Median House Value:
$254,000
Gross Rent:
$1,050
Monthly Electricity Charges:
$125
Auto Insurance:
$1,350
House Owner Cost With Mortgage:
$1,380
House Owner Cost Without Mortgage:
$525
State Taxes:
Low:
4%
|
High:
8.82%
Cost Of Living Index:
95.0
Grocery:
98.0
Housing:
81.5
Utilities:
112.0
Transportation:
90.5
Health Care:
102.0
Miscellaneous:
96.7
Crime
Is Rainbow Lake, NY a safe place to live?
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.
Violent Crimes Per 100k:
50
Property Crimes Per 100k:
450
Crime Index:
500
Chance Of Violent Crime:
1 in 2,000
Chance Of Property Crime:
1 in 222
Weather
What is the weather like in Rainbow Lake, NY year-round?
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.
Winter
Min:
2°F
Max:
29°F
Spring
Min:
32°F
Max:
63°F
Summer
Min:
51°F
Max:
78°F
Fall
Min:
35°F
Max:
65°F
Average Rainfall Inches:
38.5 inches
Sunny Days Percentage:
47%
Neighbors
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.
Median Income:
$38,500
Household Income:
$65,000
Family Income:
$80,000
Per Capita Income:
$34,200
Income Male:
$41,000
Income Female:
$32,000
Poverty Rate:
10.7%
Non English Speakers:
3.2%
Rent:
$1,050
Unemployment Rate:
5.3%
Public Transport Usage:
0.5%
Commute Time:
26.7 minutes
Education
High School or Higher:
91.6%
Bachelors or More:
27.4%
Education
How are the schools in Rainbow Lake, NY?
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.
Public Schools
Name:
Saranac Lake High School
Street:
79 Canaras Ave
Phone:
518-891-4450
Students:
410
Student Teacher Ratio:
10:1
Name:
Petrova Elementary School
Street:
79 Canaras Ave
Phone:
518-891-4221
Students:
350
Student Teacher Ratio:
9:1
Colleges
Name:
North Country Community College
City:
Saranac Lake
State:
NY
Distance:
12 miles
Students:
1,400
Healthcare
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.
Major Hospitals
Name:
Adirondack Medical Center
Address:
2233 State Route 86, Saranac Lake, NY 12983
Phone:
(518) 891-4141
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.5
Health Insurance Coverage:
93.0%
Health Care Index:
68.2
Housing Market
What is the housing market like in Rainbow Lake, NY?
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.
Median Home Price:
$254,000
Average Rent For 2 Bedroom:
$1,050
Owner Occupied Rate:
82.5%
Rental Vacancy Rate:
6.8%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
0.6%
Foreclosure Rate:
0.4%
DMV Information
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.
State:
New York
Department:
New York State Department of Motor Vehicles
Address:
207 W Main St, Malone, NY 12953
Phone:
1-518-483-0530
Website:
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.