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 130, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Freehold has a cost of living index that's 1.0x higher than New Jersey's index of 125.
The standard of living in Freehold ranks as #115 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Freehold ranks as the #147 most expensive place in the Garden State.
For more reading on life in Freehold, check out:
Freehold Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Freehold. Here is how it fares on each of the criteria:
The Services index in Freehold is 107.
The Groceries index in Freehold is 114.
The Health index in Freehold is 167.
The Housing index in Freehold is 114.
The Transportation index in Freehold is 116.
The Utilities index in Freehold is 115.
| Living Expense | Freehold | New Jersey | National Average |
|---|---|---|---|
| Overall | 130 | 125 | 100 |
| Services | 107 | 107 | 100 |
| Groceries | 114 | 113 | 100 |
| Health | 167 | 155 | 100 |
| Housing | 114 | 116 | 100 |
| Transportation | 116 | 112 | 100 |
| Utilities | 115 | 113 | 100 |
Freehold Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Freehold Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Freehold is $631,016.
The Median Rent in Freehold is $1,832.
The Median Income in Freehold is $85,707.
The Home Value To Income in Freehold is 7.4x.
The Rent To Monthly Income in Freehold is 0.26x.
| Statistic | Freehold | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $631,016 | $569,411 | $332,700 |
| Median Rent | $1,832 | $1,720 | $1,413 |
| Median Income | $85,707 | $103,556 | $80,734 |
| Home Value To Income | 7.4x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Freehold, NJ Costs By Category
Detailed Freehold Services costs vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.53 | $12.13 |
| Bowling | $20.98 | $18 |
| Haircut | $30.25 | $24.26 |
| Beauty Salon | $53.0 | $45.56 |
Detailed Freehold Groceries costs vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.7 | $4.67 |
| Potatoes | $5.32 | $4.93 |
| Pizza | $12.59 | $12.09 |
| Beer | $11.12 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Freehold Health costs vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Freehold Transportation costs vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Freehold Utilities costs vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Freehold SnackAbility
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 139, 1.1x Freehold.
West Freehold, NJ has a cost of living index of 140, 1.1x Freehold.
Fords, NJ has a cost of living index of 129, 1.0x Freehold.
| City | Population | Cost Of Living | Vs. Freehold |
|---|---|---|---|
| Tinton Falls, NJ | 19,361 | 139 | 1.1x |
| West Freehold, NJ | 14,883 | 140 | 1.1x |
| Fords, NJ | 12,771 | 129 | 1.0x |
| Robertsville, NJ | 12,035 | 157 | 1.2x |
| Hamilton Square, NJ | 11,622 | 127 | 1.0x |
| Kendall Park, NJ | 10,011 | 140 | 1.1x |
| Twin Rivers, NJ | 8,382 | 121 | 0.9x |
| Yorketown, NJ | 7,261 | 142 | 1.1x |
| Lincroft, NJ | 6,939 | 151 | 1.2x |
| Strathmore, NJ | 6,708 | 137 | 1.1x |
