Freehold has the 2307th largest population in the United States. The population shrank by 0.8% from 2010 to 2015, which was slower than the national average. Freehold is part of the New York City metro area. Unemployment in the New York City area is 4%, which is lower than the national average, and is getting better. New York City has the largest local economy in the US, and a high cost of living. The average pay for jobs in Freehold is above average at $61,300, and the median cost of a home in Freehold is $277,100, which is above the national average. 21% of workers in Freehold hold a bachelors degree or higher (above average), and 75% of workers have a high school degree (above average). Driving to work is especially common in Freehold. 73% of Freehold workers drive to work alone, 9% take public transit, 8% carpool, and 9% walk. People in Freehold spend an average of 22 minutes commuting to work, which is shorter than the national average of 26 minutes.