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Red Bank borough, New Jersey Demographics & Population 2026

As of 2026, Red Bank borough, New Jersey has a total population of 12,864, the 107th largest city in New Jersey, with a median household income of $101,738, which is about average than the state average. The poverty rate is 8.9%.

Red Bank borough Quick Facts

Population 12,864
Median Household Income $101,738
Median Home Value $477,000
Poverty Rate 8.9%
Unemployment Rate 3.1%
Median Age 39.7 years
Homeownership Rate 50.1%
Affordability Ratio 4.7x
Bachelor's Degree or Higher 52.0%
High School Graduation Rate 88.3%
Diversity Index 56/100
Population 12,864 107th of 700
Median Income $101,738 average
Poverty Rate 8.9% 29% lower national
Median Home Value $477,000 above average

How Red Bank borough Compares

Economy & Housing

Employment

3.1% Unemployment Rate State: 6.2% | National: 5.2%
69.8% Labor Force Participation

Housing Overview

Owner 50.1%
Renter 49.9%
Affordability Index Moderate
4.7x home value to income ratio

People & Demographics

Diversity Index

56out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 65 | National average: 60

Education

Red Bank borough Rankings in New Jersey

#107 Population of 700
#363 Median Income of 700
#244 Education of 700
#237 Home Value of 700

Other Cities in Monmouth County

CityPopulationMedian IncomePovertyHome Value
Long Branch city 32,184 $73,381 16.2% $519,000
Tinton Falls borough 19,252 $113,844 8.6% $458,300
Asbury Park city 15,239 $71,080 18.8% $508,800
Eatontown borough 13,537 $90,174 5.8% $454,300
Freehold borough 12,504 $82,183 14.3% $401,900
Keansburg borough 9,729 $87,484 11.4% $274,500
Matawan borough 9,636 $122,026 10.1% $447,000
West Long Branch borough 8,576 $123,661 2.8% $631,300
Rumson borough 7,265 $250,001 3.2% $1,609,400
Keyport borough 7,159 $79,036 9.3% $374,800

Cities Similar to Red Bank borough

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Somerville borough12,958$103,869$403,60053.5%6.2%
Ridgefield Park village13,167$98,184$459,40035.5%13.0%
Fords CDP13,052$116,250$414,10038.8%5.1%
Franklin Park CDP13,327$111,508$326,80058.3%8.2%
Roselle Park borough13,965$104,418$405,80039.0%5.1%

Population Overview

Red Bank borough is a small city located in New Jersey, within Monmouth County. The total population is 12,864. It ranks as the 107th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Red Bank borough is 39.7 years. This is about average than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Red Bank borough is $101,738. This is about average than the state median of $101,050. Compared to the national median of $78,538, household income here is 30% higher. The poverty rate stands at 8.9%. This is 9% lower than the state poverty rate of 9.8%. The unemployment rate is 3.1%. This is 49% lower than the state rate of 6.2%. The median home value is $477,000. Housing costs are 12% higher than the state median of $427,600. The home-value-to-income ratio is 4.7x. 50.1% of occupied housing units are owner-occupied. This homeownership rate is 21% lower than the state average of 63.7%.

Race & Ethnicity

The largest racial or ethnic group in Red Bank borough is White (non-Hispanic), making up 58.3% of the population. Hispanic or Latino residents account for 31.0%. The Asian population (1.4%) is well below the state average of 9.8%.

Education

52.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 21% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.3%. Notably, 23.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Red Bank borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Red Bank borough, New Jersey?

Red Bank borough, New Jersey has a population of 12,864 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Red Bank borough, NJ?

The median household income in Red Bank borough is $101,738, which is 30% higher the national median of $78,538.

What is the poverty rate in Red Bank borough, NJ?

The poverty rate in Red Bank borough is 8.9%. This means approximately 1,127 residents live below the federal poverty line.

What is the racial makeup of Red Bank borough, New Jersey?

Red Bank borough's population is 58.3% White, 6.7% Black, 31.0% Hispanic/Latino, and 1.4% Asian.

What is the median home value in Red Bank borough, NJ?

The median home value in Red Bank borough is $477,000. The home-value-to-income ratio is 4.7x.

How educated is Red Bank borough, New Jersey?

52.0% of adults (25+) in Red Bank borough hold a bachelor's degree or higher, and 23.3% hold a graduate or professional degree.