Red Bank is a somewhat small coastal borough (i.e. on the ocean, a bay, or inlet) located in the state of New Jersey. With a population of 12,856 people and six associated neighborhoods, Red Bank is the 149th largest community in New Jersey. Red Bank has a large stock of pre-World War II architecture, making it one of the older and more historic boroughs in the country.
Housing costs in Red Bank are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Of important note, Red Bank is also a borough of artists. Red Bank has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Red Bank’s character.
Also of interest is that Red Bank has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.56% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Red Bank is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
In Red Bank, however, the average commute to work is quite long. On average, people spend 30.27 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. In addition, the borough is also quite pedestrian-friendly, because many neighborhoods are very dense and have amenities close enough together that people find it feasible to get around on foot.
In Red Bank, a lot of people use the bus to get to work every day though Red Bank is a relatively small borough. Those that ride the bus are primarily traveling out of town to good jobs in other cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Red Bank. 51.15% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Red Bank in 2022 was $66,966, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $267,864 for a family of four. However, Red Bank contains both very wealthy and poor people as well.
Red Bank is an extremely ethnically-diverse borough. The people who call Red Bank home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Red Bank residents report their race to be White, followed by Black or African-American. Red Bank also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 25.64% of the borough’s residents. Important ancestries of people in Red Bank include Irish, Italian, German, English, and Polish.
Red Bank also has a high percentage of its population that was born in another country: 17.89%.
The most common language spoken in Red Bank is English. Other important languages spoken here include Spanish and French.