Cost of Living in Cherry Hill
Cherry Hill's cost of living carries a real, disclosed tension: housing costs below New Jersey's own statewide average, offset by an elevated effective property-tax rate.
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Learn moreHousing below the state average, above the national one
Cherry Hill's typical home value ($426,447, per Zillow) runs below New Jersey's own $584,681 statewide average, but genuinely above the national figure.
A real, elevated property-tax rate
Cherry Hill's effective property tax rate (a disclosed 2.6%-3.17% range) runs above New Jersey's own 1.88% statewide average.
A strong income base
Cherry Hill's median household income (roughly $107,000+) runs genuinely above both state and national figures, helping offset the elevated tax picture.
Key takeaways
- Cherry Hill's housing costs run below New Jersey's statewide average but above the national figure.
- Cherry Hill's effective property-tax rate runs above New Jersey's own statewide average.
- Cherry Hill's median household income runs substantially above state and national figures.
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