Red Bank, NJ

Census Place

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2023 Population

12,864

0.0311% 1-year decline

US Senator

Cory Booker

Democratic Party

US Senator

Andy Kim

Democratic Party

2023 Median Age

39.7

0.761% 1-year increase

2023 Poverty Rate

8.89%

13.6% 1-year decrease

2023 Median Household Income

$101,738

13.7% 1-year growth

2023 Median Property Value

$477,000

12.3% 1-year growth

2023 Employed Population

7,090

0.596% 1-year growth

About

In 2023, Red Bank, NJ had a population of 12.9k people with a median age of 39.7 and a median household income of $101,738. Between 2022 and 2023 the population of Red Bank, NJ declined from 12,868 to 12,864, a −0.0311% decrease and its median household income grew from $89,500 to $101,738, a 13.7% increase.

The 5 largest ethnic groups in Red Bank, NJ are White (Non-Hispanic) (58.3%), Other (Hispanic) (12.2%), Two+ (Hispanic) (8.57%), Black or African American (Non-Hispanic) (6.72%), and White (Hispanic) (5.41%).

None of the households in Red Bank, NJ reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

87.3% of the residents in Red Bank, NJ are U.S. citizens.

In 2023, the median property value in Red Bank, NJ was $477,000, and the homeownership rate was 50.1%.

Most people in Red Bank, NJ drove alone to work, and the average commute time was 30.9 minutes. The average car ownership in Red Bank, NJ was 2 cars per household.

United States New Jersey Monmouth County, NJ New York-Newark-Jersey City, NY-NJ-PA Monmouth County (Southeast)--Long Branch, Asbury Park & Eatontown PUMA, NJ Monmouth County (Northeast)--Red Bank, Northeast Middletown PUMA, NJ Monmouth County (Northwest)--Matawan & Aberdeen PUMA, NJ

Population & Diversity

Red Bank, NJ is home to a population of 12.9k people, from which 87.3% are citizens. As of 2023, 18.3% of Red Bank, NJ residents were born outside of the country (2.36k people).

In 2023, there were 4.77 times more White (Non-Hispanic) residents (7.5k people) in Red Bank, NJ than any other race or ethnicity. There were 1.57k Other (Hispanic) and 1.1k Two+ (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

87.3%

2023 Citizenship

90.3%

2022 Citizenship

As of 2023, 87.3% of Red Bank, NJ residents were US citizens, which is lower than the national average of 93.4%. In 2022, the percentage of US citizens in Red Bank, NJ was 90.3%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Red Bank, NJ compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Red Bank, NJ

White (Non-Hispanic)
7.5k ± 650
Other (Hispanic)
1.57k ± 576
Two+ (Hispanic)
1.1k ± 485

31%

Hispanic Population

3.99k people

31% of the people in Red Bank, NJ are hispanic (3.99k people).

The following chart shows the 7 races represented in Red Bank, NJ as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Most Common Origin

India
273,669 ± 12,652 people
Dominican Republic
204,992 ± 10,992 people
Mexico
104,320 ± 7,885 people

In 2022, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,669 New Jersey residents, followed by Dominican Republic with 204,992 and Mexico with 104,320.

Foreign-Born Population

18.3%

2023 Foreign-Born Population

2.36k people

17.9%

2022 Foreign-Born Population

2.3k people

As of 2023, 18.3% of Red Bank, NJ residents (2.36k people) were born outside of the United States, which is higher than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Red Bank, NJ was 17.9%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Red Bank, NJ compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
206 ± 128
Korea
89 ± 79
Gulf War (1990s)
76 ± 86

Red Bank, NJ has a large population of military personnel who served in Vietnam, 2.31 times greater than any other conflict.

Economy

The economy of Red Bank, NJ employs 7.09k people. The largest industries in Red Bank, NJ are Retail Trade (965 people), Educational Services (879 people), and Professional, Scientific, & Technical Services (810 people), and the highest paying industries are Real Estate & Rental & Leasing ($148,679), Finance & Insurance, & Real Estate & Rental & Leasing ($117,902), and Finance & Insurance ($115,192).

Males in New Jersey have an average income that is 1.36 times higher than the average income of females, which is $77,965. The income inequality in New Jersey (measured using the Gini index) is 0.489, which is higher than than the national average.

Employment

Occupations

7.09k

2023 Value

± 676

0.596%

1 Year growth

± 14.1%

From 2022 to 2023, employment in Red Bank, NJ grew at a rate of 0.596%, from 7.05k employees to 7.09k employees.

The most common job groups, by number of people living in Red Bank, NJ, are Management Occupations (885 people), Education Instruction, & Library Occupations (741 people), and Business & Financial Operations Occupations (647 people). This chart illustrates the share breakdown of the primary jobs held by residents of Red Bank, NJ.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in New Jersey (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

7.09k

2023 Value

± 676

0.596%

1 Year growth

± 14.1%

From 2022 to 2023, employment in Red Bank, NJ grew at a rate of 0.596%, from 7.05k employees to 7.09k employees.

The most common employment sectors for those who live in Red Bank, NJ, are Retail Trade (965 people), Educational Services (879 people), and Professional, Scientific, & Technical Services (810 people). This chart shows the share breakdown of the primary industries for residents of Red Bank, NJ, though some of these residents may live in Red Bank, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$67,049

Median earning men ± $10,908

$61,659

Median earning women ± $12,226

The industries with the best median earnings for men in 2023 are Information ($160,000), Finance & Insurance, & Real Estate & Rental & Leasing ($121,287), and Educational Services, & Health Care & Social Assistance ($82,942).

The industries with the best median earnings for women in 2023 are Finance & Insurance, & Real Estate & Rental & Leasing ($115,000), Manufacturing ($90,536), and Transportation & Warehousing, & Utilities ($85,833).

Employment by Industry Sector

Data is only available at the state level. Showing data for New Jersey.

Y-Axis

2.27%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 16.5%.

The following chart shows monthly employment numbers for each industry sector in New Jersey.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for New Jersey.

Measure

In 2022, 1.15% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for New Jersey.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.92M), Bachelors Degree (1.77M), and Some college (1.3M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Red Bank, NJ was $477,000 in 2023, which is 1.57 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $424,700 to $477,000, a 12.3% increase. The homeownership rate in Red Bank, NJ is 50.1%, which is approximately the same as the national average of 65%.

People in Red Bank, NJ have an average commute time of 30.9 minutes, and they drove alone to work. Car ownership in Red Bank, NJ is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$477,000

Median Property Value 2023

±$70,932

$2,957

Median Property Taxes

±$419

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Red Bank, NJ the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Red Bank, NJ compared to it's parent and neighbor geographies.

Rent vs Own

50.1%

Homeownership

2023

60.5%

Homeowners with Mortgage

2023

In 2023, 50.1% of the housing units in Red Bank, NJ were occupied by their owner. This percentage declined from the previous year's rate of 51.8%.

This chart shows the percentage of owner in Red Bank, NJ compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Highest Median Household Income (Total)

Census Tract 8034
Census Tract 8035

The following map shows all of the places in Red Bank, NJ colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$101,738

Median Household Income

± $9,103

5.9k

Number of Households

± 654

In 2023, the median household income of the 5.9k households in Red Bank, NJ grew to $101,738 from the previous year's value of $89,500.

The following chart displays the households in Red Bank, NJ distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Red Bank, NJ is from New Jersey.

0.489

2022 Wage GINI in New Jersey

0.49

2021 Wage GINI in New Jersey

In 2022, the income inequality in New Jersey was 0.489 according to the GINI calculation of the wage distribution. Income inequality had a 0.278% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.478. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

This chart shows the number of workers in New Jersey across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (64.3%)
Worked At Home (13.5%)
Carpooled (6.73%)

In 2023, 64.3% of workers in Red Bank, NJ drove alone to work, followed by those who worked at home (13.5%) and those who carpooled to work (6.73%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

30.9 minutes

Average Travel Time

Using averages, employees in Red Bank, NJ have a longer commute time (30.9 minutes) than the normal US worker (26.6 minutes). Additionally, 5.59% of the workforce in Red Bank, NJ have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Red Bank, NJ compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Red Bank, NJ distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Red Bank, NJ have 2 cars.

Poverty

Poverty & Diversity

8.89% of the population for whom poverty status is determined in Red Bank, NJ (1.13k out of 12.7k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Females 35 - 44, followed by Males 65 - 74 and then Females 55 - 64.

The most common racial or ethnic group living below the poverty line in Red Bank, NJ is White, followed by Hispanic and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

89.7% of the population of Red Bank, NJ has health coverage, with 45.8% on employee plans, 15% on Medicaid, 15.1% on Medicare, 13.8% on non-group plans, and 0% on military or VA plans.

Primary care physicians in Monmouth County, NJ see 832 patients per year on average, which represents a 0.478% decrease from the previous year (836 patients). Compare this to dentists who see 973 patients per year, and mental health providers who see 319 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Monmouth County, NJ.

832 to 1

Patient to Primary Care Physician Ratio in Monmouth County, NJ

Primary care physicians in Monmouth County, NJ see an average of 832 patients per year. This represents a 0.478% decrease from the previous year (836 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Monmouth County, NJ in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 21.7% under 18 years, 19.8% between 18 and 34 years, 38.1% between 35 and 64 years, and 20.4% over 64 years.

By gender, of the total number of insured persons, 49.9% were men and 50.1% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

10.3%

Uninsured

45.8%

Employer Coverage

15%

Medicaid

15.1%

Medicare

13.8%

Non-Group

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Red Bank, NJ grew by 23.5% from 8.34% to 10.3%.

The following chart shows how the percent of uninsured individuals in Red Bank, NJ changed over time compared with the percent of individuals enrolled in various types of health insurance.

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