Cost of Living in Red Bank, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
181.3
100 = national avg
+81.3 vs national average
Living Wage (1 Adult)
$79,791
per year
Living Wage (Family of 4)
$188,596
per year
Cost Index by Category
Housing253.1
Food127.8
Transportation155.5
Healthcare122.2
Utilities147.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,889
per month
2 Bedroom
$2,328
per month
The overall cost of living index in Red Bank is 181.3, which is 81.3% above the national average. Housing costs are above the national average at an index of 253.1. A single adult needs to earn approximately $79,791 per year to cover basic expenses.