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
| Share of income spent on rent | Red Bank Borough | Monmouth County | New Jersey | United 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 more | 41.9% (±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
| Red Bank Borough | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 48.0% (±9.3 points) | 52.7% (±2.1 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 41.9% (±8.2 points) | 44.4% (±1.8 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 29.5% (±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
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Red Bank Borough | — | 48.0% (±9.3 points) | — |
| Fairview | 1.4 mi | 57.9% (±59.2 points) | Not measurably different |
| Shrewsbury Borough | 1.6 mi | 86.4% (±23.5 points) | Higher |
| Fair Haven Borough | 1.7 mi | 28.4% (±40.8 points) | Not measurably different |
| Little Silver Borough | 1.9 mi | 0.0% (±54.2 points) | Not measurably different |
| Shrewsbury Township | 2.5 mi | 39.8% (±18.2 points) | Not measurably different |
| Oceanport Borough | 3.3 mi | 74.9% (±30.5 points) | Not measurably different |
| Rumson Borough | 3.4 mi | 42.8% (±26.1 points) | Not measurably different |
| Lincroft | 3.6 mi | 58.9% (±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
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 22 (tie) | Neptune City Borough | 52.8% (±21.9 points) |
| 24 | Hazlet Township | 52.4% (±16.5 points) |
| 25 (tie) | Asbury Park | 52.3% (±7.9 points) |
| 25 (tie) | Spring Lake Borough | 52.3% (±43.3 points) |
| 27 | Spring Lake Heights Borough | 50.5% (±15.3 points) |
| 28 | Keansburg Borough | 49.6% (±12.7 points) |
| 29 | Red Bank Borough | 48.0% (±9.3 points) |
| 30 | Eatontown Borough | 47.0% (±11.0 points) |
| 31 (tie) | Aberdeen Township | 46.2% (±10.9 points) |
| 31 (tie) | Sea Girt Borough | 46.2% (±33.8 points) |
| 33 | Englishtown Borough | 44.6% (±25.5 points) |
| 34 | Highlands Borough | 44.5% (±15.5 points) |
| 35 (tie) | Marlboro Township | 42.8% (±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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Red Bank borough, Monmouth County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Red Bank borough, Monmouth County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Red Bank borough, Monmouth County, New Jersey
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.
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 .
Related
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- Renters and owners in Red Bank Borough
- Income and affordability in Red Bank Borough
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- Homeowner costs in Red Bank Borough
- Property taxes in Red Bank Borough
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- Age of homes in Red Bank Borough
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- Crime reported to police in Red Bank Borough
- Population growth in Red Bank Borough
- How long people stay in Red Bank Borough
- Crowding and facilities in Red Bank Borough
- Local landlord and tenant rules in Red Bank Borough
- New Jersey landlord and tenant rules
- Housing across Monmouth County
- New Jersey places ranked by rent burden
- Housing data for every place in New Jersey