Rainbow Lake, NY is a small village located in the Adirondack region of New York State. With a population of just over 1,000 people, Rainbow Lake is an ideal spot for those looking for a tranquil escape from the hustle and bustle of city life. The 2 bedroom rent here is surprisingly affordable at $1,060 per month. Additionally, the grocery cost index is 107 versus 100 in the US. \nThe area has plenty to offer in terms of amenities and activities. Local businesses such as Rainbow Lake Inn & Marina offer residents and visitors alike access to outdoor recreation like fishing, kayaking and more. Other nearby stores include Rainbow Food Mart where you can purchase groceries and other necessities or if you’re looking for a bite to eat there’s also Rainswept Diner which serves up delicious home-cooked meals all day long. Rainbow Lake really does have something for everyone – from peaceful nature hikes to unique local shopping experiences.
Rainbow Lake (zip 12976) has an unemployment rate of 6.5%. The US average is 6.0%.
Rainbow Lake (zip 12976) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Rainbow Lake (zip 12976)
- The Sales Tax Rate for Rainbow Lake (zip 12976) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Rainbow Lake (zip 12976) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rainbow Lake (zip 12976)
- The average income of a Rainbow Lake (zip 12976) resident is $40,435 a year. The US average is $28,555 a year.
- The Median household income of a Rainbow Lake (zip 12976) resident is $61,719 a year. The US average is $69,021 a year.