How many renters in Red Bank Borough, NJ pay more than 30% of their income on rent?

48.0% (±9.3 points) of renting households in Red Bank Borough, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

41.9% spend 35% or more.

The median renting household spends 29.5% of its income on rent.

Figures last updated on .

Paying 30% or more
48.0% (±9.3 points)
Paying 35% or more
41.9% (±8.2 points)
Median share of income
29.5% (±3.3 points)

Rent as a share of income in Red Bank Borough

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rentRed Bank BoroughMonmouth CountyNew JerseyUnited States
Less than 15%10.0% (±4.6 points)11.0%12.2%12.6%
15% to 19.9%9.3% (±4.3 points)11.8%12.3%12.2%
20% to 24.9%14.0% (±5.4 points)13.5%12.6%12.6%
25% to 29.9%18.7% (±9.1 points)11.1%11.4%11.5%
30% to 34.9%6.1% (±4.3 points)8.3%8.9%9.2%
35% or more41.9% (±8.2 points)44.4%42.7%41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Red Bank Borough against Monmouth County, its state and the nation

Estimate (90% margin of error)
Red Bank BoroughMonmouth CountyNew JerseyUnited States
Paying 30% or more48.0% (±9.3 points)52.7% (±2.1 points)51.6% (±0.4 points)51.1%
Paying 35% or more41.9% (±8.2 points)44.4% (±1.8 points)42.7% (±0.4 points)41.9%
Median share of income29.5% (±3.3 points)31.6% (±1.1 points)30.9% (±0.3 points)30.6%
Median renter household income$74,318 (±$11,504)$62,592 (±$3,372)$62,674 (±$718)$52,966
Median gross rent$2,026 (±$212)$1,827 (±$30)$1,720 (±$7)$1,413

In Red Bank Borough, the share of renters paying 30% or more of income is not measurably different from Monmouth County (52.7%).

It is not measurably different from New Jersey (51.6%).

It is not measurably different from the national figure (51.1%).

In Monmouth County, Red Bank Borough ranks 29 of 53 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 331 of 560.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Red Bank Borough

Nearest places with a published estimate, compared with Red Bank Borough
PlaceDistanceRenters paying 30% or more of incomeCompared with this place
Red Bank Borough—48.0% (±9.3 points)—
Fairview1.4 mi57.9% (±59.2 points)Not measurably different
Shrewsbury Borough1.6 mi86.4% (±23.5 points)Higher
Fair Haven Borough1.7 mi28.4% (±40.8 points)Not measurably different
Little Silver Borough1.9 mi0.0% (±54.2 points)Not measurably different
Shrewsbury Township2.5 mi39.8% (±18.2 points)Not measurably different
Oceanport Borough3.3 mi74.9% (±30.5 points)Not measurably different
Rumson Borough3.4 mi42.8% (±26.1 points)Not measurably different
Lincroft3.6 mi58.9% (±40.1 points)Not measurably different

Nearby places with a measurably higher figure: Shrewsbury Borough, NJ (86.4%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Monmouth County, place by place

RankPlaceRenters paying 30% or more of income
22 (tie)Neptune City Borough52.8% (±21.9 points)
24Hazlet Township52.4% (±16.5 points)
25 (tie)Asbury Park52.3% (±7.9 points)
25 (tie)Spring Lake Borough52.3% (±43.3 points)
27Spring Lake Heights Borough50.5% (±15.3 points)
28Keansburg Borough49.6% (±12.7 points)
29Red Bank Borough48.0% (±9.3 points)
30Eatontown Borough47.0% (±11.0 points)
31 (tie)Aberdeen Township46.2% (±10.9 points)
31 (tie)Sea Girt Borough46.2% (±33.8 points)
33Englishtown Borough44.6% (±25.5 points)
34Highlands Borough44.5% (±15.5 points)
35 (tie)Marlboro Township42.8% (±16.4 points)

Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Red Bank Borough

Are renters in Red Bank Borough rent-burdened?

48.0% of renting households in Red Bank Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Red Bank Borough spend on rent?

The median renting household in Red Bank Borough, NJ spends 29.5% (±3.3 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Red Bank borough, Monmouth County, New Jersey (county subdivision:62430, in state:34 county:025).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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