Red Bank, NJ Profile: Facts, Map & Data

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Red Bank, New Jersey - Basic Facts

The Borough of Red Bank had a population of 12,713 as of July 1, 2017. Red Bank ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Red Bank is located at latitude 40.3487 and longitude -74.0665 in Monmouth County. The formal boundaries for the Borough of Red Bank (see map below) encompass a land area of 1.74 sq. miles and a water area of 0.42 sq. miles. Monmouth County is in the Eastern time zone (GMT -5). The elevation is 39 feet.

The Borough of Red Bank (GNIS ID: 885366) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Red Bank population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Red Bank: Redbank.


Neighborhood Data

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Borough of Red Bank, NJ Boundary Map



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Boundary Maps: Monmouth County | New Jersey Counties

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Red Bank, NJ Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 12,713
Daytime Population: Workers 13,257
Daytime Population: Residents 5,758
Total Daytime Population (TDP) 19,015
Ratio TDP/Total Population1 1.50
Population in Households 12,514
Population in Familes 8,481
Population in Group Qrtrs 199
Population Density2 7,311
Diversity Index3 79
 

INCOME

Median Household Income $69,734
Average Household Income $90,760
Per Capita Income $36,715

HOUSING

Total Housing Units 5,478 (100%)
Owner Occupied HU 2,161 (39.4%)
Renter Occupied HU 2,909 (53.1%)
Vacant Housing Units 408 ( 7.4%)
Median Home Value $370,049
Average Home Value $402,730
 

HOUSEHOLDS

Total Households 5,070
Average Household Size 2.47
Family Households 2,526
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2015 2015-2020
Population 0.56% 0.33%
Households 0.39% 0.29%
Families 0.3% 0.25%
Median Household Income   2.8%
Per Capita Income   3.15%

Red Bank, NJ - Peer Comparisons by Rank and Percentile

The table below compares Red Bank to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 99 82nd
Population Density # 57 90th
Diversity Index # 40 93rd
Median Household Income # 332 39th
Per Capita Income # 295 46th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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