Housing costs in Red Bank?
A typical home costs
$536,800, which is 58.8% more expensive than the national average of
$338,100 and 24.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Red Bank costs
$1,810 per month, which is 5.8% more than the national average of
$1,710 and 19.9% cheaper than the state average of
$2,170.
Can I afford Red Bank?
To live comfortably in Red Bank (zip 07701), New Jersey, a minimum annual income of
$102,960 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Red Bank?
The cost of living in 07701 Red Bank, NJ is relatively high compared to other areas in the United States. The median home value for this zip code is currently estimated at $432,000, which is significantly higher than the national average of approximately $200,000. Additionally, the median household income for this area is estimated at $93,991 annually. This means that on average, residents in this area make more money and pay more for basic living expenses like housing and groceries. As a result, many people find they need to budget carefully and save smartly if they wish to live comfortably in Red Bank.