Red Bank, NJ
Population 12,864 · New Jersey
About Red Bank, NJ
Red Bank is a mid-sized city in New Jersey with a population of 12,864 residents. The median household income is $101,738 per year, which is above the national average. The median age in Red Bank is 39.7 years.
Housing in Red Bank has a median home value of $477,000 and median monthly rent of $1,985. Of the 6,184 total housing units, the majority are owner-occupied, with 2,957 owner-occupied and 2,945 renter-occupied units.
The unemployment rate in Red Bank is 3.1% and the poverty rate is 8.9%. 52.0% of residents hold a bachelor's degree or higher. The average commute time is 30.9 minutes.
Cost of Living in Red Bank, NJ
Compared to national averages, Red Bank has a median household income of $101,738 (35% above the national median of $75,149). Home values average $477,000, which is 95% above the national median. Monthly rent at $1,985 is 71% above the US average of $1,163. Within New Jersey, Red Bank's income is 12% below the state average of $115,667, and home values are 2% above the state median of $469,644.
Why Live in Red Bank, NJ?
Red Bank offers a strong local economy with a median household income of $101,738, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 52.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $477,000. However, Red Bank’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Red Bank has a population of 12,864 with a median age of 39.7 years. Compare Red Bank with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Red Bank
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Holiday City-Berkeley | 12,896 | $47,855 | $237,200 | Compare |
| Somerville | 12,958 | $103,869 | $403,600 | Compare |
| Oakland | 12,700 | $162,862 | $567,200 | Compare |
| Fords | 13,052 | $116,250 | $414,100 | Compare |
| Florham Park | 13,134 | $147,714 | $722,700 | Compare |
| Ridgefield Park | 13,167 | $98,184 | $459,400 | Compare |
| Freehold | 12,504 | $82,183 | $401,900 | Compare |
| Haddonfield | 12,502 | $190,882 | $708,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Red Bank
What is the population of Red Bank, NJ?
The population of Red Bank, NJ is 12,864 according to the latest Census data.
What is the median household income in Red Bank?
The median household income in Red Bank, NJ is $101,738 per year.
What is the median home value in Red Bank?
The median home value in Red Bank, NJ is $477,000.
What is the average rent in Red Bank?
The median monthly rent in Red Bank, NJ is $1,985.
What is the unemployment rate in Red Bank?
The unemployment rate in Red Bank, NJ is 3.1%.