Freehold, NJ is a great place to live and work with many companies located in the area. Notable employers include CentraState Healthcare System, Freehold Township Schools, and St. Barnabas Medical Center. The cost of living in Freehold is slightly higher than the US average due to the 2 bedroom rent being around $1,830 compared to the US average of $1,430. Grocery costs are also more expensive here with an index of 106 compared to 100 nationally. There are many rental options available for residents ranging from single family homes to apartments complexes in all price ranges. Popular websites such as Zillow or realtor.com are great resources for finding a rental property in Freehold, NJ that fits your budget and lifestyle perfectly.
Freehold township has an unemployment rate of 6.8%. The US average is 6.0%.
Freehold township 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 Freehold township
- The Sales Tax Rate for Freehold township is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Freehold township 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 Freehold township
- The average income of a Freehold township resident is $43,557 a year. The US average is $28,555 a year.
- The Median household income of a Freehold township resident is $130,685 a year. The US average is $69,021 a year.