Rainbow, CA is a small city located in San Diego County. It has a population of 10,325 people and is primarily a residential area. The 2 bedroom rent in Rainbow is $1,890 which is significantly higher than the national average at $1,430. Groceries are also more expensive here with an index score of 109 compared to 100 across the US. There are several local companies that make this city so unique. One example is Rainbow Chocolates, the award-winning confectionary shop that has been serving up delectable treats since 1987. Rainbow Orchards provides fresh fruits and vegetables from its sustainable farm to local businesses and residents. Other popular companies include Ubrewtech, a craft beer brewery, and Green Grass Landscaping which specializes in lawn care services.
Rainbow has an unemployment rate of 6.9%. The US average is 6.0%.
Rainbow has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Rainbow
- The Sales Tax Rate for Rainbow is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Rainbow is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rainbow
- The average income of a Rainbow resident is $30,720 a year. The US average is $28,555 a year.
- The Median household income of a Rainbow resident is $71,538 a year. The US average is $69,021 a year.