Red Bank, NJ
Population 12,864 · New Jersey
About Red Bank, NJ
Red Bank is a mid-sized city located in New Jersey with a population of 12,864 residents according to the latest US Census Bureau American Community Survey data. The median household income is $101,738 per year, which is 35% above the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Red Bank features a median home value of $477,000, which is 95% above the national median of $244,900. This places Red Bank in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,985, 71% above the national average of $1,163/month. Of the 6,184 total housing units, 50% are owner-occupied (2,957 units) and 50% are renter-occupied (2,945 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Red Bank shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Red Bank have an average one-way commute time of 30.9 minutes.
Education & Demographics
52.0% of Red Bank residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 23.3% White, 4.9% Hispanic or Latino, 1.6% Black or African American, and 5.8% Asian residents, with 18.3% of the population being foreign-born.
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.
Compare Red Bank With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Red Bank?
The median household income in Red Bank, NJ is $101,738 per year, which is 35% above the national median of $75,149.
What is the median home value in Red Bank?
The median home value in Red Bank, NJ is $477,000, which is 95% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Red Bank?
The median monthly rent in Red Bank, NJ is $1,985, which is 71% above the national average of $1,163/month.
What is the unemployment rate in Red Bank?
The unemployment rate in Red Bank, NJ is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Red Bank, NJ a good place to live?
Red Bank offers above-average incomes, a competitive housing market, and a strong job market. With a population of 12,864 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Red Bank, NJ?
52.0% of residents in Red Bank aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Red Bank?
Key cost-of-living indicators for Red Bank, NJ: median home value is $477,000 (95% above national), median rent is $1,985/month, and median household income is $101,738. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Red Bank?
The poverty rate in Red Bank, NJ is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Red Bank, NJ?
Red Bank's population is 23.3% White, 4.9% Hispanic or Latino, 1.6% Black or African American, 5.8% Asian, and 6.7% two or more races. 18.3% of residents are foreign-born.