salaryRent is lower than in 52% of U.S. cities. A typical house costs about 4.8 years of household income. Commutes are long, about 32.6 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $64,360 a year. That is $31 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
Yes. Rent here is cheaper than in most of New Jersey. It is number 39 of 291 cities from cheapest to most expensive.
How much do households earn in Red Bank?
Share of households by yearly income. 39.5% of households earn $100,000 or more.
Rent by apartment size in Red Bank
| Size | Red Bank | U.S. average |
|---|---|---|
| 1 bedroom | $1,812 | $1,324 |
| 2 bedrooms | $2,372 | $1,509 |
| 3 bedrooms | $3,487 | $1,698 |
| 4 bedrooms | $2,678 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Red Bank overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Red Bank, so the New Jersey figure is shown.
Taxes and bills in Red Bank
Life in Red Bank
Is it cheaper to rent or buy in Red Bank?
Renting is cheaper right now: about $1,894 a month less.
Owning assumes a typical $504,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $50,490 for the down payment.
Frequently asked questions
What is the average rent in Red Bank, NJ?
Renting in Red Bank costs a median of about $1,609 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Red Bank?
To keep rent under 30% of income, you need about $64,360 a year, or $31 an hour at a full-time job.
Is Red Bank cheap or expensive?
Red Bank is rated Cheap: rent takes 18.4% of the typical household income of $105,129. It ranks 39th cheapest of 291 New Jersey cities we track.
How much are property taxes in Red Bank?
The median homeowner in Red Bank pays $8,971 a year in property taxes, about 1.78% of the median home value.
Is Red Bank more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Red Bank?
The median home value in Red Bank is $504,900, about 4.8 times the typical yearly household income.
12,862 people live in Red Bank. Numbers are typical (middle) values.