Red Bank, NJ Profile: Facts & Data

Advertisement

Red Bank Local Links & Resources:
Resources | ALL Red Bank Content
Planning to visit Red Bank? See Local Hotels

Also See: Red Bank, NJ ZIP Codes & ZIP Code Maps

Red Bank, New Jersey - Basic Facts

The Borough of Red Bank had a population of 12,702 as of July 1, 2020. 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 40.3471 and longitude -74.0643 in Monmouth County. The formal boundaries for the Borough of Red Bank 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.

Alternate Unofficial Names for Red Bank: Redbank.

Advertisement

Red Bank, NJ Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 12,702 (100%)
Population in Households 12,517 (98.5%)
Population in Families 8,430 (66.4%)
Population in Group Quarters1 185 ( 1.5%)
Population Density 7,276
Diversity Index2 79
 
 

INCOME

Median Household Income $78,475
Average Household Income $104,420
% of Income for Mortgage4 22%
Per Capita Income $41,767
Wealth Index5 103
 

HOUSING

Total HU (Housing Units) 5,527 (100%)
Owner Occupied HU 2,338 (42.3%)
Renter Occupied HU 2,739 (49.6%)
Vacant Housing Units 450 ( 8.1%)
Median Home Value $416,265
Average Home Value $469,878
Housing Affordability Index3 86
 

HOUSEHOLDS

Total Households 5,077
Average Household Size 2.47
Family Households 2,501
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. 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 races 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.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.39% 0.1%
Households 0.29% 0.11%
Families 0.12% 0.01%
Median Household Income   2.32%
Per Capita Income   2.32%
Owner Occupied HU   0.58%

Advertisement

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, 2020 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 # 56 90th
Median Household Income # 333 39th
Housing Affordability Index # 95 17th
Per Capita Income # 297 46th
Diversity Index # 48 92nd

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

Red Bank, NJ - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a New Jersey Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2020, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

New Jersey Census Data Comparison Tool

Compare New Jersey July 1, 2020 Data
Data:
Locations:
Highest or Lowest:
Results:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the New Jersey COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.


Advertisement