Red Bank 83 Exceptional
Red Bank Livability #33 ranked city in New Jersey#805 ranked city in the USARanks better than 97% of areas

Pros and Cons of Living in Red Bank

PROS
  • Amenities

    A wealth of amenities, such as restaurants, coffee shops, grocery stores, parks and fitness facilities, are all conveniently located within walking distance.

  • Commute

    An elevated score in the commute category points to excellent public transit accessibility and shorter-than-average work commute times in this area.

  • Crime

    Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.

  • Employment

    Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.

  • 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.

CONS
  • Cost Of Living

    Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.

New Real Estate Listings in Red Bank Area
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What's it like Living in Red Bank?

Red Bank, New Jersey is a moderately-sized city with a population of 12,039 people. In Red Bank, there are 6,897 people per square mile, which is well above the national population density average. At 74%, the majority of the Red Bank population is White; this is followed by 9% Black and 2% Asian. Additionally, more than a quarter of the population of Red Bank are of Hispanic or Latino origin, and 23% of the population also speak Spanish. All the single ladies and all the single fellas might want to take notice as only 49% of the Red Bank population is married. Something to be aware of when living in Red Bank are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 31 minutes, this comes in much higher than the national average of 26 minutes.

If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a fulfilling experience if you are willing to get to know the area before actually living in Red Bank, New Jersey. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. 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 commute, education, employment and other important metrics.

Red Bank, NJ receives 80/100 for its livability score; this results in a ranking of #49 in New Jersey and #1,289 in the USA. Clearly, Red Bank is doing something right, as this score ranks well above the average of most cities. Another exciting tidbit, is that Red Bank ranks better than 90% of all US cities! If we probe a little deeper into each category within the livability score, we see that Red Bank has higher than average grades for the following: amenities (A+), crime (A-), education (B), employment (A+) and housing (B-).

If you're considering living in Red Bank, it comes with numerous advantages, particularly in the form of an extensive selection of local amenities. These amenities play a pivotal role in elevating the quality of life within this vibrant community. From easily accessible grocery stores, to conveniently located fitness facilities, a diverse range of dining establishments and a multitude of shopping options, Red Bank provides a comprehensive array of resources for its residents. This ensures the effortless fulfillment of your daily needs and creates ample opportunities for relaxation and recreation. The convenience of these local offerings greatly contributes to the overall appeal of the area, making it an enticing destination for those in search of convenience, diversity, and a gratifying lifestyle. If you're contemplating a move, the abundance of local amenities could very well be a defining characteristic of this area.

Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 155 crimes per 100,000 residents, Red Bank has a violent crime rate that is far below the national average.

Finding affordable real estate and housing in Red Bank can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

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 $403,100, which is 27.4% higher than the New Jersey 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 5.1, which is 18.6% higher than the New Jersey average.

Best Places to Live in and Around Red Bank

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Compare Red Bank, NJ Livability

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      Red Bank transportation information

      Statistic Red Bank New Jersey National
      Average one way commute31min31min26min
      Workers who drive to work68.2%71.7%76.4%
      Workers who carpool9.6%8.1%9.3%
      Workers who take public transit5.1%11.2%5.1%
      Workers who bicycle2.8%0.3%0.6%
      Workers who walk5.0%3.0%2.8%
      Working from home7.4%4.1%4.6%
      Source: The Red Bank, NJ data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).