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Red Bank, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
12,862
Population
$97,477
Median Income
$504,900
Home Value
39.4
Median Age

Demographics

Red Bank has a population of 12,862 with a median age of 39.4. Here is the racial and ethnic breakdown of the population:

White
63.5%
Hispanic
31.9%
Black
5.2%
Asian
2.3%
Demographic Value
Total Population12,862
Median Age39.4
White63.5%
Black or African American5.2%
Asian2.3%
Hispanic or Latino31.9%
Red Bank, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 103.White: 61.7%Hispanic/Latino: 31.0%Black: 5.1%Asian: 2.2%12,862PopulationWhiteWhite61.7%Hispanic/LatinoHispanic/Latino31.0%BlackBlack5.1%AsianAsian2.2%

Income & Economy

The median household income in Red Bank is $97,477, which is 20.9% above the national median of $80,610. The per capita income is $64,589. The poverty rate is 8.7%.

$97,477
Median Household Income
$64,589
Per Capita Income
8.7%
Poverty Rate

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Education

In Red Bank, 88.7% of residents age 25+ have a high school diploma or higher, and 51.6% hold a bachelor's degree or higher (24.9% with a graduate or professional degree).

HS Diploma+
88.7%
Bachelor's+
51.6%
Graduate+
24.9%
Education Level % of Adults (25+)
High School Diploma or Higher88.7%
Bachelor's Degree or Higher51.6%
Graduate or Professional Degree24.9%

Housing

The median home value in Red Bank is $504,900, above the national median of $303,400. The median monthly rent is $2,026. The homeownership rate is 50.1%.

$504,900
Median Home Value
$2,026/mo
Median Rent
50.1%
Homeownership Rate
Housing Metric Value
Median Home Value$504,900
Median Monthly Rent$2,026
Homeownership Rate50.1%
Vacancy Rate3.7%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Red Bank, New Jersey?
The population of Red Bank, New Jersey is 12,862 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Red Bank, New Jersey?
The median household income in Red Bank, New Jersey is $97,477. This is 20.9% above the national median of $80,610.
What is the median home value in Red Bank, New Jersey?
The median home value in Red Bank, New Jersey is $504,900. The median monthly rent is $2,026.
What percentage of people in Red Bank have a college degree?
In Red Bank, New Jersey, 51.6% of adults age 25 and older hold a bachelor's degree or higher, and 88.7% have a high school diploma or higher.
Is Red Bank, New Jersey an affordable place to live?
The home price-to-income ratio in Red Bank, New Jersey is 5.2x (median home value $504,900 vs. median income $97,477), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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