Red Bank borough, New Jersey Unemployment

Red Bank borough, New Jersey has a population of 12,618, with a median household income of $80,441.

Current unemployment data for Red Bank borough.

3.70%

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Population

12,618

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Median Income

$80,441

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Unemployment

3.70%

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Housing Price

$554,114

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Crime Rate

0.40

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Internet Speed

283.60 Mbps

Red Bank borough is a small local community located in New Jersey. The city has a population that is below the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Red Bank borough, located in New Jersey, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Red Bank borough has a population of 12,618, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Red Bank borough is $80,441, which is below the state average, indicating moderate economic conditions.

Housing Market

Housing prices in Red Bank borough average around $554,114, which is relatively high compared to other cities in New Jersey.

Employment and Safety

The unemployment rate in Red Bank borough is 3.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Red Bank borough are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in New Jersey, Red Bank borough shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Red Bank borough offers a balanced mix of economic conditions, population trends, and housing opportunities within New Jersey.

Frequently Asked Questions about Red Bank borough

What is the population of Red Bank borough?

The population of Red Bank borough is approximately 12,618.

Is Red Bank borough a good place to live?

Red Bank borough offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Red Bank borough?

The median household income in Red Bank borough is around $80,441.

How expensive is housing in Red Bank borough?

The average housing price in Red Bank borough is approximately $554,114.