Zip 07728 (Freehold, NJ) Economy


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Freehold, NJ (07728) is a great place to live with plenty of amenities. The cost of living is slightly higher than the national average due to the higher 2-bedroom rent ($1,880 compared to $1,430 for the US). However, grocery costs are also higher at 106 versus 100 for the US. Local businesses in 07728 include Seabrook Classic Foods Inc., Olive + Twist Restaurant & Bar, and Freehold Fitness. All three offer excellent options for shopping or dining out. Seabrook Classic Foods Inc. has been a staple of Freehold since 1973, offering high-quality meats and deli items. Olive + Twist Restaurant & Bar features modern American cuisine with an outdoor patio. Finally, Freehold Fitness has been providing top-notch fitness classes and gym memberships since 2010.

Freehold (zip 07728) has an unemployment rate of 6.8%. The US average is 6.0%.

Freehold (zip 07728) 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 (zip 07728)
- The Sales Tax Rate for Freehold (zip 07728) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Freehold (zip 07728) 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 (zip 07728)
- The average income of a Freehold (zip 07728) resident is $38,898 a year. The US average is $28,555 a year.
- The Median household income of a Freehold (zip 07728) resident is $101,043 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFreehold, New JerseyUnited States
  6.86
  -6.6%-6.2%
  26.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $48,436$37,638
  $101,043$69,021
  $141,895$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  5.8%6.8%
  5.2%10.0%
  3.4%2.5%
  10.9%11.0%
  3.1%4.8%
  0.9%0.8%
  2.7%1.9%
  6.5%4.7%
  1.8%1.9%
  9.2%7.6%
  0.0%0.1%
  5.4%4.2%
  11.7%9.3%
  13.9%14.0%
  3.2%2.1%
  6.2%7.0%
  3.8%4.8%
  5.8%4.7%
Reviews for Freehold
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Over 5 years ago

Great place to live! I moved here 3 years ago and other than the high property taxes, although we live in NJ, it is a wonderful neighborhood. Very close to many things,  More

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