Living in Red Bank, New Jersey
Cost of living, income, home prices, rent and demographics of Red Bank · Census data 2020–2024
Red Bank has 12,862 residents with a median age of 39.4. The median household income is $97,477 (6% lower than the New Jersey median), the median home value is $504,900, the median rent is $2,026/month.
Red Bank at a glance
- Population
- 12,862
- Median age
- 39.4State: 40.1
- Median household income
- $97,477State: $103,556
- Median home value
- $504,900State: $454,400
- Median rent
- $2,026/moState: $1,720
- Homeowners
- 50.1%
- Bachelor's degree or higher
- 51.6%
- Average commute
- 33 min
Is Red Bank a good place to live?
Pros: Unemployment of 3.5%; a poverty rate of 8.7%.
Cons: Median household income 6% lower than the New Jersey median; home values 11% higher than the state median; an average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Red Bank
Housing is the biggest part of the cost of living. In Red Bank the median home value is $504,900, 52% higher than the U.S. median. Renters pay a median of $2,026 per month, which is 29.5% of household income. Homeowners with a mortgage pay $2,809 a month in housing costs.
Red Bank median household income
The median household income in Red Bank is $97,477 and the income per person is $64,589. 8.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Red Bank: homes for sale and rent
- Housing units
- 6,216
- Owner-occupied
- 50.1%
- Renter-occupied
- 49.9%
- Vacant
- 3.7%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.11
Red Bank demographics
- Population
- 12,862
- Median age
- 39.4
- Under 18
- 19.2%
- 65 and older
- 20.9%
- Households
- 5,983
- Foreign-born
- 18.2%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Red Bank ›
Education in Red Bank
51.6% of adults 25 and older in Red Bank have a bachelor's degree or higher (New Jersey: 43.6%), and 24.9% have a graduate or professional degree.
Jobs and commute in Red Bank
- Unemployment rate
- 3.5%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 18.5%
- Drive alone
- 56.8%
- Public transit
- 6%
- Walk to work
- 5.9%
- Homes with broadband
- 91.7%
Red Bank vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Red Bank | 12,862 | $97,477 | $504,900 | $2,026 |
| Fairview | 3,892 | $165,135 | $622,600 | $3,250 |
| Shrewsbury | 4,179 | $178,958 | $811,400 | $3,472 |
| Fair Haven | 6,170 | $250,001 | $992,200 | $3,492 |
| Little Silver | 6,105 | $240,853 | $955,900 | $3,501 |
| Rumson | 7,241 | $250,001 | $1,679,300 | $3,501 |
| Oceanport | 6,195 | $126,094 | $757,700 | $1,608 |
| Lincroft | 6,939 | $189,000 | $807,300 | $685 |
| Navesink | 1,867 | $151,557 | $755,900 | — |
More for people moving to Red Bank
Red Bank ZIP code ›Weather and climate ›Living in Red Bank: FAQ
What is the median household income in Red Bank, NJ?
The median household income in Red Bank is $97,477, 6% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Red Bank?
The median home value in Red Bank is $504,900, compared with $454,400 in New Jersey.
How much is rent in Red Bank?
The median gross rent in Red Bank is $2,026 per month, about 29.5% of household income.
Is Red Bank, NJ a good place to live?
Pluses: unemployment of 3.5%; a poverty rate of 8.7%. Minuses: median household income 6% lower than the New Jersey median; home values 11% higher than the state median; an average commute of 33 minutes.
What is the median age in Red Bank?
The median age in Red Bank is 39.4 years (New Jersey: 40.1).
How long is the commute in Red Bank?
The average commute to work in Red Bank is 33 minutes; 18.5% of workers work from home.
What is the unemployment rate in Red Bank?
The unemployment rate in Red Bank is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Red Bank?
51.6% of adults in Red Bank have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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