Housing costs in Freehold borough?
A typical home costs
$378,600, which is 12.0% more expensive than the national average of
$338,100 and 12.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Freehold borough costs
$1,830 per month, which is 28.0% more than the national average of
$1,430 and 6.6% more than the state average of
$1,710.
Can I afford Freehold borough?
To live comfortably in Freehold borough, New Jersey, a minimum annual income of
$72,720 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Freehold borough?
The cost of living in Freehold borough, NJ is quite reasonable when compared to the surrounding areas. The median home value in Freehold Borough is $283,400 which is lower than the New Jersey median home value of $327,300. Additionally, the median household income for residents of Freehold Borough is $72,335 which is higher than both the state and national averages. Residents can find an array of housing options ranging from single-family homes to apartments and townhomes at various price points. Transportation costs are also low with NJ Transit's River Line running through Freehold Borough providing access to other major cities. All in all, the cost of living in Freehold borough, NJ makes it a great place to live for people of various incomes and lifestyles.