Red Bank

Population: 12,864
Median household income: $101,738
Median home value: $477,000

Located in Monmouth County, New Jersey, Red Bank is a community with a population of 12,864. The median household income of $101,738 is below the Monmouth County median ($122,727).

Between 2019 and 2023, Red Bank's population grew 6.6% from 12,072 to 12,864, while its median home value rose 18.0% from $404,400 to $477,000.

42.3% of homes are single-family detached houses. The typical home was built around 1955.

Demographics

ACS 2019–2023

Population: 12,864
Median age: 39.7 yrs
Median household income: $101,738
Median home value: $477,000
Median gross rent: $1,985
Housing units: 6,184
Homeownership rate: 50.1%
Bachelor's degree or higher: 52.0%
Unemployment rate: 3.1%

Trends

ACS 5-year · 2019–2023

Population

12,07212,864

Median household income

$74,181$101,738

Median home value

$404,400$477,000

Median gross rent

$1,578$1,985

Year	Population	Median household income	Median home value	Median gross rent
2019	12,072	$74,181	$404,400	$1,578
2020	12,039	$78,985	$403,100	$1,639
2021	12,825	$80,781	$414,900	$1,723
2022	12,868	$89,500	$424,700	$1,886
2023	12,864	$101,738	$477,000	$1,985

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.7%

5 to 1716.4%

18 to 244.5%

25 to 3415.4%

35 to 4415.6%

45 to 549.7%

55 to 6412.6%

65 to 7412.3%

75 and over8.8%

	Count	Share
Under 5	602	4.7%
5 to 17	2,109	16.4%
18 to 24	581	4.5%
25 to 34	1,975	15.4%
35 to 44	2,007	15.6%
45 to 54	1,254	9.7%
55 to 64	1,617	12.6%
65 to 74	1,581	12.3%
75 and over	1,138	8.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	7,497	58.3%
Black or African American	865	6.7%
American Indian & Alaska Native	8	0.1%
Asian	177	1.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	330	2.6%
Hispanic or Latino (any race)	3,987	31.0%

Educational attainment (age 25+)

No high school diploma11.7%

High school graduate19.3%

Some college or associate's17.0%

Bachelor's degree28.7%

Graduate or professional degree23.3%

	Count	Share
No high school diploma	1,119	11.7%
High school graduate	1,848	19.3%
Some college or associate's	1,629	17.0%
Bachelor's degree	2,745	28.7%
Graduate or professional degree	2,231	23.3%

Commute to work

Mean travel time to work: 31 min

Drove alone64.3%

Carpooled6.7%

Public transit4.8%

Walked5.2%

Bicycle0.0%

Worked from home13.5%

Other means5.5%

How workers get to work

	Count	Share
Drove alone	4,521	64.3%
Carpooled	473	6.7%
Public transit	336	4.8%
Walked	365	5.2%
Bicycle	0	0.0%
Worked from home	948	13.5%
Other means	387	5.5%

Travel time

	Count	Share
Under 15 min	1,790	29.4%
15 to 29 min	1,789	29.4%
30 to 44 min	759	12.5%
45 to 59 min	704	11.6%
60+ min	1,040	17.1%

Households

Average household size: 2.15
Poverty rate: 8.9% (1,127 of 12,681)

	Count	Share
Family households	2,969	50.3%
Nonfamily households	2,933	49.7%

Housing

Median year structure built: 1955

Occupancy

	Count	Share
Occupied	5,902	95.4%
Vacant	282	4.6%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,957	50.1%
Renter-occupied	2,945	49.9%

1-unit, detached42.3%

1-unit, attached8.7%

2 to 4 units14.5%

5 to 19 units11.7%

20 or more units22.7%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	2,616	42.3%
1-unit, attached	539	8.7%
2 to 4 units	899	14.5%
5 to 19 units	724	11.7%
20 or more units	1,406	22.7%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3462430
Type (LSAD): 21
Land area: 1.75 sq mi
Water area: 0.41 sq mi
Center point: 40.3487, -74.0665