Freehold, NJ Cost Of Living
Cost Of Living In Freehold, NJ Summary
Cost of living in Freehold research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Freehold is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Freehold is 119, with 100 being the average.
The cost of living index in Freehold is 1.2x higher than the national average.
Freehold ranks as the #87 cheapest in New Jersey out of 251.
Freehold ranks as the #4,736 cheapest out of 6,412 in the US.
The median home value in Freehold is $323,900.
The median income in Freehold is $62,942.
Table Of Contents
Freehold's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Freehold, NJ?
According to the most recent data on the cost of living, Freehold has an overall cost of living index of 119, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Freehold has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Freehold ranks as #87 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Freehold ranks as the #164 most expensive place in the Garden State.
For more reading on life in Freehold, check out:
- Living In Freehold
- Freehold Crime Report
- Search Homes For Sale In Freehold, NJ
In New Jersey
In America
Freehold Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Freehold. Here is how it fairs on each of the criteria:
The Services index in Freehold is 114.
The Groceries index in Freehold is 108.
The Health index in Freehold is 104.
The Housing index in Freehold is 146.
The Transportation index in Freehold is 107.
The Utilities index in Freehold is 100.
| Living Expense | Freehold | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 119 | 111 | 100 | |
| Services | 114 | 104 | 100 | |
| Groceries | 108 | 104 | 100 | |
| Health | 104 | 95 | 100 | |
| Housing | 146 | 130 | 100 | |
| Transportation | 107 | 106 | 100 | |
| Utilities | 100 | 108 | 100 | |
Freehold, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Freehold is $323,900.
The Median Rent in Freehold is $1,538.
The Median Income in Freehold is $62,942.
The Home Value To Income in Freehold is 5.1x.
The Rent To Monthly Income in Freehold is 0.29x.
| Statistic | Freehold | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $323,900 | $355,700 | $244,900 |
| Median Rent | $1,538 | $1,436 | $1,163 |
| Median Income | $62,942 | $89,703 | $69,021 |
| Home Value To Income | 5.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.29x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Freehold, NJ Costs By Category
Detailed Freehold Services Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $12.59 | $10.68 |
| Bowling | $17.73 | $14.67 |
| Haircut | $20.73 | $18.62 |
| Beauty Salon | $36.4 | $39.05 |
Detailed Freehold Groceries Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Ground Beef | $3.87 | $4.22 |
| Fried Chicken | $1.67 | $1.39 |
| Milk | $2.41 | $2.05 |
| Potatoes | $3.09 | $3.29 |
| Pizza | $11.4 | $10.62 |
| Beer | $9.19 | $9.38 |
| Toothpaste | $2.16 | $2.34 |
Detailed Freehold Health Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Freehold Transportation Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Freehold Utilities Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Freehold SnackAbility
/10
Cost Of Living In Cities Around Freehold
The cost of living varies in the cities and towns around Freehold. Here's a quick look at the cost of living in the most populous nearby places:
Tinton Falls, NJ has a cost of living index of 126, 1.1x Freehold.
West Freehold, NJ has a cost of living index of 136, 1.1x Freehold.
Fords, NJ has a cost of living index of 123, 1.0x Freehold.
| City | Population | Cost Of Living | Vs. Freehold |
|---|---|---|---|
| Tinton Falls, NJ | 19,053 | 126 | 1.1x |
| West Freehold, NJ | 14,565 | 136 | 1.1x |
| Fords, NJ | 12,897 | 123 | 1.0x |
| Robertsville, NJ | 12,365 | 148 | 1.2x |
| Hamilton Square, NJ | 12,244 | 130 | 1.1x |
| Kendall Park, NJ | 10,560 | 131 | 1.1x |
| Twin Rivers, NJ | 8,049 | 114 | 1.0x |
| Yorketown, NJ | 7,316 | 144 | 1.2x |
| Strathmore, NJ | 7,119 | 129 | 1.1x |
| Lincroft, NJ | 6,812 | 139 | 1.2x |
