“The Best Things in Life Are Free” peaked at #10 on the Billboard Hot 100, #3 on Billboard’s Hot Dance Music/Club Play chart, #39 on Billboard’s Hot Dance Music/Maxi-Singles Sales chart and topped Billboard’s R&B chart for a week in July of 1992, staying on the chart for 17 weeks.

Luther Vandross & Janet Jackson received a Grammy nomination for Best R&B Performance by a Duo or Group with Vocals.