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The total population of Rainbow City is estimated to be 10,184 with 4,304 males (42.26%) and 5,880 females (57.74%). There are 1,576 more females than males in Rainbow City.
The median household income in Rainbow City was $55,953 in 2021, which marked an an increase of 832(1.51%) from $55,121 in 2020. This income is 75% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Rainbow City sees its highest median household income among householders in the age group of 45 to 64 years old, at $81,768. Overall, the median household income for the city of Rainbow City stands at $55,953.
In Rainbow City, the median income for all workers aged 15 years and older, regardless of work hours, was $41,593 for males and $29,558 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,455 for males and $42,828 for females.
In Rainbow City, there are just three different racial groups among households. Among these, Asian households report a median household income of $85,281, followed by White households at $65,943, and Black or African American households with a median household income of $31,875.
In 2022, the population of Rainbow City was 10,271, a 0.84% increase year-by-year from 2021. Previously, in 2021, Rainbow City's population was 10,185, a decline of 0.11% compared to a population of 10,196 in 2020.
The median age in Rainbow City, AL is 36.8, as per 2021 ACS 5-Year Estimates. Of the total population, 21.34% were under the age of 15, 16.81% aged 15 to 29, 45.22% aged 30 to 64, 15.46% aged 65 to 84, and 1.17% were 85 years of age and older.
Racial distribution of Rainbow City population: 80.50% are White, 11.33% are Black or African American, 2.39% are Asian, 2.79% are some other race and 2.98% are multiracial.