States › New Jersey › Freehold

Is Freehold, NJ expensive to live in?

ExpensiveRent takes 31 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,39937% higher than U.S. average
💵 Families earn per year (2026)$92,435about $7,703/month · 6% higher than U.S. average
🔑 House price$416,80025% higher than U.S. average

Rent is higher than in 83% of U.S. cities. A typical house costs about 4.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $95,960 a year. That is $46 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

No. Rent here is more expensive than in most of New Jersey. It is number 173 of 291 cities from cheapest to most expensive.

Freehold
$2,399
Upper Montclair
$2,468
Haddonfield
$1,689
Oakland
$1,526
Fords
$2,031
Pennsville
$1,525
Bound Brook
$2,921

How much do households earn in Freehold?

Under $25k
15.2%
$25k–50k
18.8%
$50k–100k
32.0%
$100k–150k
16.7%
$150k+
12.7%

Share of households by yearly income. 29.4% of households earn $100,000 or more.

Rent by apartment size in Freehold

SizeFreeholdU.S. average
Studio$1,719$1,338
1 bedroom$1,042$1,324
2 bedrooms$2,180$1,509
3 bedrooms$2,870$1,698
4 bedrooms$3,510$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Freehold overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Freehold, so the New Jersey figure is shown.

Taxes and bills in Freehold

🏛️ Property tax$8,830a year · 2.12% of home value · U.S. $3,119
⚡ Electric bill$132a month (typical) · U.S. $156

Life in Freehold

Commute to work22.5 minU.S.: 26.4 min
College degree29.5%U.S.: 35.7%
Own their home53.8%U.S.: 65.2%
Below poverty line14.3%U.S.: 12.5%
Unemployment8.2%U.S.: 5.2%

Is it cheaper to rent or buy in Freehold?

Renting is cheaper right now: about $493 a month less.

Renting
$2,399
Owning
$2,892

Owning assumes a typical $416,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $41,680 for the down payment.

Frequently asked questions

What is the average rent in Freehold, NJ?

Renting in Freehold costs a median of about $2,399 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Freehold?

To keep rent under 30% of income, you need about $95,960 a year, or $46 an hour at a full-time job.

Is Freehold cheap or expensive?

Freehold is rated Expensive: rent takes 31.1% of the typical household income of $92,435. It ranks 173rd cheapest of 291 New Jersey cities we track.

How much are property taxes in Freehold?

The median homeowner in Freehold pays $8,830 a year in property taxes, about 2.12% of the median home value.

Is Freehold more expensive than the national average?

Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Freehold?

The median home value in Freehold is $416,800, about 4.5 times the typical yearly household income.

12,507 people live in Freehold. Numbers are typical (middle) values.