Rainbow Lake, AB Employment - Median Household Income, Unemployment Rate

A+

98%

Household income NAT. AVG.

64%

Unemployment NAT. AVG.

15%

In labour force NAT. AVG.

Index	Rainbow Lake	Alberta	National
Median household income	$163,530	$94,624	$82,436
Unemployment rate	2.3%	5.1%	6.4%
In labour force	73.8%	70.9%	63.9%

Key findings

The median household income in Rainbow Lake is 98% higher than the national average
The unemployment rate in Rainbow Lake is 64% lower than the national average
In Rainbow Lake 1.6% of people earn $20,000 or less
In Rainbow Lake 7.6% of people earn between $80,000 and $100,000
In Rainbow Lake 6.9% of people earn $300,000 or more

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am i middle class

$109,009 $163,530 $327,060

City

$63,076 $94,624 $189,248

State

$54,951 $82,436 $164,872

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Rainbow Lake median earnings by income bracket

Rainbow Lake employment by industry

Labour Type	Percent
Construction industry	5.6%
Manufacturing sector	2.5%
Financial & insurance services	1.3%
Wholesale & retail services	11.1%
Public administration	4.8%
Transportation, warehousing & utilities	2.2%
Education, health & social services	11.1%
Other	33.3%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Rainbow Lake, AB	777	$163,530	98.4%

Cities with similar population

City	Population	Household Income	National Avg.
Hobson City, AL	777	n/a
Laytonville, CA	777	n/a
Mound City, IL	777	n/a
Newman, IL	777	n/a
Tonica, IL	777	n/a
Rainbow Lake, AB	777	$163,530	98.4%

Source: The Rainbow Lake, AB data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.