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For SaleRed Bank, NJ Homes for Sale
Living In Red Bank, NJ
Red Bank, New Jersey is a town with slightly more than 12,000 residents. Young professionals can expect to feel welcome, as they make up an above-average percentage of the community. At an average age of just under 38, the city's residents skew younger than most cities in New Jersey. Renters are slightly more prevalent than homeowners in Red Bank by a small 53%-47% margin despite a relatively high average rent of $1,480 a month, significantly higher than the state average of $1,272.
Red Bank residents have an average commute of about 32 minutes. Driving a car or truck is the prevailing means of commuting to work, chosen by 40% of workers, while public transit isn't used widely. Few residents (6%) commute to work on foot, though the number easily exceeds the national average.
Many Red Bank residents work in one of five industries: entertainment, retail, healthcare, education, and construction. Combined, these industries account for 34% of the city's labor force. Meanwhile, in terms of job function, 9% of the city's population works in management, making it the top career path in the city. Red Bank workers earn an average annual income of just over $87,000, about the same as their peers elsewhere in the state. Red Bank, however, compares more favorably to the national average of $73,345. Red Bank has a large concentration of residents older than 25 with advanced degrees compared to the national average (7%), as 12% have earned a Master's degree or a Doctorate. Furthermore, 15% have earned a Bachelor's degree.
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