New Jersey · Census place 62430
Red Bank borough, NJ
Quick answer
Red Bank borough has 12,864 residents, ranking #107 of 700 places in New Jersey. Median household income is $101,738, the median home is worth $477,000 and median gross rent runs $1,985 a month.
- Population
- 12,864Red Bank borough residents
- Median household income
- $101,738Past 12 months, inflation adjusted
- Median home value
- $477,000Owner-occupied units
- Median gross rent
- $1,985Rent plus utilities, monthly
- Median age
- 39.7 yrsAll residents
- Homeownership rate
- 50.1%Owner-occupied households
What the numbers mean in Red Bank borough
Housing cost measured against local earnings.
A household earning the Red Bank borough median would spend about 23.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.9% of residents and 50.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Fords CDP 13,052
- Somerville borough 12,958
- Holiday City-Berkeley CDP 12,896
- Oakland borough 12,700
- Freehold borough 12,504
- Haddonfield borough 12,502
- Upper Montclair CDP 12,279
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