Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Red Bank is a mid-sized city located in the state of Tennessee. The city has a population of 11,785 people. If we look at the most recent Census, Red Bank is known to have a predominantly White population. The next two most common races are Black and Asian. Single men and women might be happy to hear that in Red Bank, only 50% of the population is married. If you prefer shorter commutes, living in Red Bank will be a delight. With an average one-way commute time of just 19 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Are you trying to decide if living in Red Bank is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in Tennessee, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Finding the best places to live in Red Bank and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, health & safety, employment and other important metrics.
The livability score in Red Bank is 71/100 and the city is ranked in the 82nd percentile of all cities across America. For each of the livability categories, we see that Red Bank ranks very well for crime (B-), cost of living (A+) and housing (A). There are some categories that Red Bank scores poorly for, including: amenities (F), education (D-) and employment (D). It might be worth taking a closer look to figure out why.
When contemplating a move, job prospects often top the list of priorities. In Red Bank, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.76% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Red Bank apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Assuming that Red Bank meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Red Bank. Everything else becomes a lot less important if it turns out that home prices in Red Bank are simply unattainable. Median real estate prices in Red Bank come in at $160,100, which is 9.7% higher than the Tennessee average. The home price to income ratio compares the median home prices to the median household income. In Red Bank, the home price to income ratio is 3.6, which is 16.1% higher than the Tennessee average.
| Statistic | Red Bank | Tennessee | National |
| Average one way commute | 19min | 25min | 26min |
| Workers who drive to work | 80.8% | 83.6% | 76.4% |
| Workers who carpool | 9.8% | 9.2% | 9.3% |
| Workers who take public transit | 0.0% | 0.8% | 5.1% |
| Workers who bicycle | 0.3% | 0.1% | 0.6% |
| Workers who walk | 0.5% | 1.4% | 2.8% |
| Working from home | 7.9% | 3.9% | 4.6% |
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