Upper Freehold, NJ Economy


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Upper Freehold, NJ is a great place to live with its rural charm and excellent amenities. The average rent for a two bedroom is $1,480 which is slightly higher than the US average of $1,430. Grocery costs are also slightly higher in Upper Freehold at 106 compared to the national average of 100. Residents enjoy local businesses such as Toth’s Country Market where they can grab their groceries and Double Brook Farm where they can pick up fresh produce, meats, and baked goods. There are plenty of attractions in the area including Monmouth Park Racetrack and Six Flags Great Adventure amusement park. Those looking for outdoor activities will appreciate Cheesequake State Park which offers fishing, camping, swimming and more. Upper Freehold provides an array of options for people looking to live in a rural town with big city amenities.

Upper Freehold has an unemployment rate of 6.8%. The US average is 6.0%.

Upper Freehold has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Upper Freehold
- The Sales Tax Rate for Upper Freehold is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Upper Freehold is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Upper Freehold
- The average income of a Upper Freehold resident is $47,741 a year. The US average is $28,555 a year.
- The Median household income of a Upper Freehold resident is $156,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyUpper Freehold, New JerseyUnited States
  6.86
  -6.6%-6.2%
  26.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $71,051$37,638
  $156,250$69,021
  $178,911$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  7.5%6.8%
  11.6%10.0%
  2.2%2.5%
  6.4%11.0%
  2.1%4.8%
  0.5%0.8%
  4.0%1.9%
  8.9%4.7%
  0.9%1.9%
  14.2%7.6%
  0.0%0.1%
  1.7%4.2%
  5.7%9.3%
  12.7%14.0%
  5.6%2.1%
  4.7%7.0%
  3.6%4.8%
  5.6%4.7%
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