Freehold, NJ vs Garfield, NJ

Freehold, NJ and Garfield, NJ have a very similar cost of living, with only a 1.6% difference in their overall index. Freehold scores 128 while Garfield scores 126 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Freehold is $1,818/month compared to $1,612/month in Garfield — a 13% difference. Interestingly, home values tell a different story: while Garfield has cheaper rent, Freehold actually has lower median home values ($401,900 vs $454,300).

Median household income in Freehold is $82,183 compared to $75,701 in Garfield (+8.6%). While Freehold is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Freehold spend roughly 26.5% of their income on rent, more than the 25.6% in Garfield.