Cost of Living in Freehold, NJ
Population 12,504 · New Jersey · Data vintage 2023
(100 = US avg)
Freehold sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 7.1% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 30 miles south of Elizabeth, Freehold falls within that metro's commuting orbit. Housing prices track closely with Elizabeth's $394,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Freehold
The median home value in Freehold is $401,900 — 32% above the national median of $305,000. Median rent runs $1,818/month, 38% higher than the national median of $1,314/month. The median household income of $82,183/year is 10% higher than the US median of $74,580. The local unemployment rate is 7.1%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 63.4°F and lows of 44.8°F, with about 26.6" of annual snowfall. Overall, Freehold has a cost of living index of 134 versus the US average of 100, meaning it is 34% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 51 | 63 | 72 | 81 | 86 | 84 | 77 | 66 | 55 | 44 |
| Low °F | 24 | 26 | 33 | 42 | 52 | 61 | 67 | 65 | 58 | 46 | 36 | 29 |
| Precip" | 3.29 | 2.65 | 4.00 | 3.63 | 3.99 | 4.35 | 4.42 | 4.22 | 4.05 | 3.79 | 3.20 | 4.04 |
| Snow" | 8.2 | 8.7 | 4.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.5 | 4.6 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Freehold, NJ?
Freehold has a cost index of 134 (100 = national average). It is 34% above the national average.
What is average rent in Freehold, NJ?
The median gross rent in Freehold is $1,818 per month based on 2023 Census data.
What is the average home price in Freehold?
The median home value in Freehold is $401,900 according to Zillow and Census data.
What is the median income in Freehold?
The median household income in Freehold is $82,183 per year (2023 ACS 5-year estimates).
What is the sales tax in Freehold, NJ?
The combined state and local sales tax rate in Freehold is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Freehold, NJ affordable?
Freehold is above average in cost of living, with an index of 134 — about 34% higher than the national average.
What is the weather like in Freehold?
Freehold has average high temperatures of 63.4°F and average lows of 44.8°F. Annual precipitation is 45.6". Average annual snowfall is 26.6". Data from NOAA 1991–2020 Climate Normals.
Freehold at a Glance
- Population
- 12,504
- Median Income
- $82,183
- Home Value
- $401,900
- Median Rent
- $1,818/mo
- Unemployment
- 7.1%
- Avg High Temp
- 63.4°F
- Sales Tax
- 6.6%
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