Freehold, NJ Cost Of Living
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 121 which is 1.2x higher than the national index of 100.
Compared to only New Jersey, Freehold has a cost of living index that's 1.0x lower than New Jersey's index of 123.
The standard of living in Freehold ranks as #4,868 most affordable out of the 6,522 places we measured in New Jersey. By definition, that implies Freehold ranks as the #1,539 most expensive place in the Garden State.
Freehold Cost Of Living Vs. New Jersey
| Living Expense | Freehold | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 121 | 123 | 100 | |
| Services | 114 | 111 | 100 | |
| Groceries | 107 | 110 | 100 | |
| Health | 104 | 102 | 100 | |
| Housing | 148 | 158 | 100 | |
| Transportation | 107 | 110 | 100 | |
| Utilities | 104 | 100 | 100 | |
Freehold, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
| Statistic | Freehold | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $291,800 | $335,600 | $217,500 |
| Median Rent | $1,458 | $1,334 | $1,062 |
| Median Income | $61,314 | $82,545 | $62,843 |
| Home Value To Income | 4.8x | 4.1x | 3.5x |
| Rent To Monthly Income | 0.29x | 0.19x | 0.2x |
Detailed Freehold Services Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Shampoo | $1.09 | $1.01 |
| Movie | $12.01 | $10.72 |
| Bowling | $18.0 | $13.86 |
Detailed Freehold Groceries Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Ground Beef | $3.85 | $3.9 |
| Fried Chicken | $1.49 | $1.4 |
| Milk | $2.23 | $1.96 |
Detailed Freehold Health Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Haircut | $21.6 | $17.49 |
| Beauty Salon | $40.8 | $38.17 |
| Toothpaste | $1.99 | $2.32 |
Detailed Freehold Transportation Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Potatoes | $3.19 | $3.18 |
| Pizza | $12.19 | $10.39 |
| Beer | $9.19 | $9.23 |
| Optometrist | $105.0 | $106.34 |
| Doctor | $99.0 | $115.25 |
| Dentist | $115.0 | $98.38 |
Detailed Freehold Utilities Costs Vs. New Jersey
| Item | Freehold | New Jersey |
|---|---|---|
| Gasoline | $2.72 | $2.59 |
| Tire Balancing | $55.99 | $48.9 |
| All Electricity | $184.0 | $167.6 |
| Phone | $177.03 | $163.42 |
Freehold SnackAbility
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Cost Of Living In Cities Around Freehold
| City | Population | Cost Of Living | Vs. Freehold | Tinton Falls, NJ | 17,632 | 129 | 1.1x | Fords, NJ | 15,250 | 122 | 1.0x | West Freehold, NJ | 13,680 | 135 | 1.1x | Hamilton Square, NJ | 11,989 | 129 | 1.1x | Robertsville, NJ | 11,874 | 147 | 1.2x | Kendall Park, NJ | 9,234 | 131 | 1.1x | Strathmore, NJ | 7,816 | 130 | 1.1x | Twin Rivers, NJ | 6,870 | 114 | 0.9x | Yorketown, NJ | 6,459 | 143 | 1.2x | Lincroft, NJ | 6,405 | 138 | 1.1x |
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