Affluence & Economy Rainbow Vic 3424

Is Rainbow VIC 3424 a rich suburb?

Affluence in Rainbow

The higher the score, the more wealthy, high income and financially free the population is.
Sources: ABS, ATO, DSS, GOOGLE, TORREN and Microburbs, 2001 - 2023

Rainbow

34.9%

North West Vic

42.7%

Compare
Suburbs

Field	Value	VS North West Vic	Trend
Education score	4.7	Bottom 24%	2% to Jun 2022
Middle Class	48.8%	Bottom 41%	Data for May 2023
Underclass	13.4%	Top 45%	Data for May 2023
Upper Class	6.0%	Top 29%	Data for May 2023
Working Class	31.8%	Top 40%	Data for May 2023
Austudy Payments (SA2)	5	Bottom 32%	Data for Jun 2024
Commonwealth Rent Assistance (SA2)	265	Bottom 33%	Data for Jun 2024
Median household income (weekly)	$1,050	Bottom 19%	7% to Jan 2021
Pension Payments (SA2)	1050	Top 41%	Data for Jun 2024
Unemployed	0.9%	Top 35%	127% to Dec 2021

Business in Rainbow

The higher the score, the more vibrant and diverse the regional economy.
Sources: ABS, GOOGLE, TORREN and Microburbs, 2016 - 2023

Rainbow

65.0%

North West Vic

98.2%

Compare
Suburbs

	Field	Value	VS North West Vic	Trend
	Industry Diversity	83.3	Bottom 43%	Data for May 2023

Employment in Rainbow

Sources: ABS, AURIN, SEEK and Microburbs, 2006 - 2022

	Field	Value	VS North West Vic	Trend
	Labour force participation	47.8%	Bottom 19%	7% to Dec 2021

Businesses (21)

Headline	Place	Datetime
Bow Bakery Hopetoun & Rainbow	56 Federal St
Commonwealth Bank Rainbow Branch	52 Federal St
The Vogue for Hairdressing	51 Federal St
Rainbow Meats	30 Federal St
Sharon Perkins Beauty Bliss	49 Federal St