Red Bank, NJ Utility & Living Guide

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Red Bank, NJ Utility & Living Guide

Red Bank is a borough in Monmouth County, in the U.S. state of New Jersey. Incorporated in 1908, the community is on the Navesink River, the area's original transportation route to the Atlantic Ocean and to other ports. Red Bank is in the New York metropolitan area and is a commuter town of New York

Last updated: June 29, 2026
Total Utilities$305/mo
1BR Rent$1697/mo
Sales Tax6.5%
COL Index105 (+5% above national average)
Family Score6/10
Median Home$424,700
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🌤️ Live Weather — Red Bank
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⚠️ Natural Hazard History — Red Bank
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💰 Budget Calculator
🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$120/mo

Jersey Central Power & Light (JCP&L)
🔥 Gas

$50/mo

New Jersey Natural Gas
💧 Water

$45/mo

New Jersey American Water
🗑️ Garbage

Red Bank Public Works
📶 Internet

$65/mo

Combined Average Overhead$305/month

Housing Market

Rent & Property
1 Bedroom$1697/mo
2 Bedrooms$1886/mo
3 Bedrooms$2357/mo
Median Home Price$424,700
Property Tax Rate1.2%
Avg Childcare/mo$1000

The housing market in Red Bank is competitive, with a mix of historic homes and modern developments. Prices have risen steadily due to its proximity to New York City.

Cost of Living

Overall COL Index

105

US national avg = 100
vs National Avg

+5% above national average

Groceries

102

Transportation

98

Healthcare

100

Childcare/mo

$1000

Tax Rates

Tax Overview
Total Sales Tax6.5%
Property Tax Rate1.2%
<p>State 6.625% + County 0% + City 0%</p>

New Jersey has a progressive income tax system with rates ranging from 1.4% to 10.75%.

Family & Relocation

Family Vibe Score
6/10
Safety Index

50

Higher = safer
School Rating

6.5/10

GreatSchools avg
Avg Childcare

$1000/mo

City Pulse

Population Trend
+2% (growing)
Political Climate
Purple (mixed Democratic and Republican leanings)
Business Momentum
Moderate with key industries in retail, healthcare, and professional services.
Top Local Concerns
Property taxes, traffic congestion, school funding
🚌 Transit for Families

Public transit is limited but stroller-friendly with accessible buses and sidewalks.

🎡 Top Kid Attractions
  • 🎯
    Count Basie Park
  • 🎯
    Two River Theater
  • 🎯
    Marine Park

Best Neighborhoods for Families

The West Side and East Side neighborhoods are popular for families due to their proximity to schools and parks.

Household Budget Calculator

Estimate your real monthly cost of living in Red Bank based on your household profile.

Financial Tools

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📊 Red Bank — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

💰 Median Household Income
$89,500
👤 Median Age
39.1
🏠 Homeownership Rate
51.8%
🔑 Renter Rate
48.2%
📉 Poverty Rate
10.3%
💼 Unemployment Rate
3.2%
📡 Internet Access
89.4%
🎓 College Educated
43.6%

☀️ Seasonal Utility Costs

Utility costs peak in winter due to heating needs and in summer due to air conditioning usage.

🏛️ Local Tax Details

Key ZIP code level tax info: property tax millage rates vary by district, with no local surtaxes.

👶 Family & Stroller Friendliness

Score 7/10 with explanation: good sidewalk quality, decent park access, limited elevator access in transit.

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