Median Income
$89,500
household / year
Median Home Value
$424,700
owner-occupied
Median Rent
$1,886
gross / month
Cost of Living
112
national avg = 100

Is Red Bank, NJ a Good Place to Live?

Red Bank is a small city of 12,868 in New Jersey, with a median household income of $89,500 and a 3.2% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.

Strengths: Red Bank stands out for lower-than-average crime, solid school ratings (A+), a well-educated population.

Trade-offs: Potential downsides include an above-average cost of living, high home prices, longer commutes. Whether Red Bank is right for you depends on your priorities — the full breakdown is below.

All Red Bank city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 112.5

Red Bank's overall cost of living index is 112.5, where 100 represents the US national average. Living in Red Bank costs roughly 12% more than the average American city.

Metric Red Bank, NJ National Avg
Median Home Value $424,700 $244,900
Median Monthly Rent $1,886 $1,163
Homeownership Rate 51.8% 65.9%
Median Household Income $89,500 $74,755

Crime & Safety

Very Safe

Red Bank's violent crime rate is 204.1 per 100,000 residents — 46% lower than the national average of ~380 per 100,000.

Violent Crime
204.1 /100k
Property Crime
1162.0 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Red Bank is served primarily by Red Bank Borough Public School District. The student-to-teacher ratio is 9.6:1 (better than the national average of ~16:1).

Metric Red Bank, NJ National Avg
School District Red Bank Borough Public School District —
Elementary Schools 1 —
Middle Schools 1 —
High Schools N/A —
Student/Teacher Ratio 9.6:1 16:1
Bachelor's Degree or Higher 51.1% 35.4%
High School Diploma or Higher 91.7% 91.1%

Weather & Climate

Red Bank sees average highs of 41.8°F in January and 83.5°F in July, with 49.4 inches of annual precipitation and 24.5 inches of snow per year.

MetricRed Bank, NJ
Average High — January41.8°F
Average High — July83.5°F
Annual Precipitation49.4"
Annual Snowfall24.5"

Demographics

MetricRed Bank, NJNational Avg
Population12,868—
Median Age39.438.9
Unemployment Rate3.2%3.7%
Avg Commute Time31.9 min26 min
White (non-Hispanic)69.4%59.3%
Black or African American8.2%13.6%
Hispanic or Latino14.8%18.9%
Asian1.0%6.3%
Under 1821.0%22.2%
65 and over20.9%16.8%

Nearby Cities

Fairview, NJ 1 mi Shrewsbury, NJ 2 mi Fair Haven, NJ 2 mi Little Silver, NJ 2 mi Oceanport, NJ 3 mi

ZIP Codes in Red Bank

Red Bank, NJ is covered by 1 ZIP code:

07701

Red Bank vs Other Cities

Red Bank, NJ vs Fairview, NJ Red Bank, NJ vs Shrewsbury, NJ Red Bank, NJ vs Fair Haven, NJ Red Bank, NJ vs Little Silver, NJ Red Bank, NJ vs Oceanport, NJ

Frequently Asked Questions

Red Bank's cost of living index is 112, where 100 is the national average. That puts Red Bank roughly 12% above the national average in cost. The median home price is $424,700 and median rent is $1,886/month.
Red Bank's violent crime rate is 204.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1162.0 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Red Bank are operated by Red Bank Borough Public School District. The district has 1 elementary, 1 middle, and several high schools. The student-to-teacher ratio is 9.6:1. 51.1% of adults 25+ hold a bachelor's degree or higher.
Red Bank, NJ has a population of 12,868, a median household income of $89,500, and an unemployment rate of 3.2%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Red Bank averages 41.8°F in January and 83.5°F in July. Annual rainfall is 49.4 inches with about 24.5 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Red Bank, NJ is covered by 1 ZIP code: 07701.
The population of Red Bank, New Jersey is 12,868 with a median age of 39.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Red Bank: cost of living index 112 (100 = US average), median home $424,700, median household income $89,500, crime index 54 (100 = US average, lower is safer), schools rated A+. Whether these are benefits or drawbacks depends on where you're coming from — compare Red Bank side by side with your current city to see the trade-offs.