East Freehold cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexEast FreeholdNew JerseyNational
Cost of living index145127100
IndexEast FreeholdNew JerseyNational
Goods & Services index113114100
Groceries index102104100
Health care index102100100
Housing index228166100
Transportation index106107100
Utilities index109110100
A general overview of the cost of living index for East Freehold, NJ is displayed above. In East Freehold, NJ, the overall cost of living index is 145, which is 14% higher than the New Jersey average and 45% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of East Freehold, NJ, the city's goods and services are 1% lower than the New Jersey average and 13% higher than the U.S. average.

Did you know?

  • The cost of living in East Freehold is 14% higher than the New Jersey average.
  • The cost of living in East Freehold is 45% higher than the national average.
  • The cost of housing in East Freehold is 128% higher than the national average.
  • New Jersey general sales tax is 37% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

Find Real Estate Listings In East Freehold

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In East Freehold

Compare East Freehold, NJ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in East Freehold, NJ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than East Freehold, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The East Freehold, NJ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$131,133$10,928$3,060$3,934
Renters$51,103$4,259$1,192$1,533
If you want to find a good determining factor for the cost of living and the general affordability of housing in East Freehold, NJ, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In East Freehold, NJ, the median monthly income is $131,133 for those who own their own homes. Under the standard rule, that income level would allow for $3,060 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,103, per the median income in the area. That would allow for renters to spend up to $1,192 on monthly rental expenses.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey7%7%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
One thing to keep in mind when considering the cost of living in East Freehold, NJ is the New Jersey sales tax and New Jersey income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New Jersey sales tax rate is 7% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

Goods & Services

ItemEast FreeholdNational avg.Difference
Haircut $19.80$15.5627.2%
Beauty Salon $31.53$36.1112.7%
Toothpaste $2.04$2.4717.4%
Shampoo $0.96$0.960.9%
Movie $12.25$10.1321.0%
Bowling $4.44$4.746.3%

Groceries

ItemEast FreeholdNational avg.Difference
Ground Beef $3.72$3.986.7%
Fried Chicken $1.42$1.411.2%
Milk $2.35$2.0613.9%
Potatoes $2.76$2.987.6%
Pizza $8.16$9.4713.8%
Beer $9.12$8.793.7%

Health Care

ItemEast FreeholdNational avg.Difference
Optometrist $104.60$101.043.5%
Doctor $88.87$107.4417.3%
Dentist $110.17$90.4221.8%
Ibuprofen $8.59$9.287.4%
Lipitor $389.54$426.508.7%

Housing

ItemEast FreeholdNational avg.Difference
Home Price $448,800.00$175,700.00155.4%
Avg. Mortgage Payment $1,533.70$1,133.2335.3%
Apartment Rent $1,508.00$920.0063.9%

Transportation

ItemEast FreeholdNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $59.07$45.7629.1%

Utilities

ItemEast FreeholdNational avg.Difference
All Electricity$168.73$163.813.0%
Phone $33.50$28.3918.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Rossmoor, NJ2,81498-2%
Clearbrook Park, NJ2,48911111%
Concordia, NJ3,09211111%
Keansburg, NJ10,01111313%
Twin Rivers, NJ7,40211414%
East Freehold, NJ5,42914545%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Clair, MI5,42895-5%
Pawcatuck, CT5,42812222%
Woodside, CA5,427490390%
Monticello, LA5,43196-4%
Lehighton, PA5,42795-5%
East Freehold, NJ5,42914545%
Source: The East Freehold, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.