Cost of Living in Cherryville, NC

Population 6,154 · North Carolina · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Cherryville a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $198,000.

Located 35 miles west of Charlotte, Cherryville falls within that metro's commuting orbit. Median home values run roughly 44% lower than Charlotte's $352,000.

Cost Overview

Housing 65
Rent 72

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Cherryville

The median home value in Cherryville is $198,000 — 35% below the national median of $305,000. Median rent runs $948/month, 28% lower than the national median of $1,314/month. The median household income of $58,701/year is 21% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 73.0°F and lows of 51.3°F. Overall, Cherryville has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$198,000
35% below avg
Zillow Home Value
$244,704
Zillow ZHVI
Median Rent
$948/mo
28% below avg
Price-to-Rent Ratio
17.4x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 67.7%
Renter-occupied 32.3%

💰 Estimated Monthly Budget

Rent median rent
$948
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,562/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
31.5 min
17% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.1%

Commute Mode

Drove alone
82.9%
Carpooled
10.4%
Public transit
0.1%
Walked
0.9%
Work from home
4.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$58,701
21% below avg
Per Capita Income
$30,103
Unemployment Rate
3.9%
18% below avg
Poverty Rate
15.0%
Labor Force Participation
53.5%

🎓 Education

Bachelor's degree+ 18.9%
Graduate degree 5.8%

👥 Demographics

Median Age 37.7
Male median age 32.7
Female median age 40.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.0°F
Avg Low
51.3°F
Annual Precip
43.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 535865748188918983746456
Low °F 333642505867706963514136
Precip" 3.343.283.943.883.464.213.473.953.753.293.303.44

Frequently Asked Questions

What is the cost of living in Cherryville, NC?

Cherryville has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in Cherryville, NC?

The median gross rent in Cherryville is $948 per month based on 2023 Census data.

What is the average home price in Cherryville?

The median home value in Cherryville is $198,000 according to Zillow and Census data.

What is the median income in Cherryville?

The median household income in Cherryville is $58,701 per year (2023 ACS 5-year estimates).

What is the sales tax in Cherryville, NC?

The combined state and local sales tax rate in Cherryville is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Cherryville, NC affordable?

Yes, Cherryville is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.

What is the weather like in Cherryville?

Cherryville has average high temperatures of 73.0°F and average lows of 51.3°F. Annual precipitation is 43.3". Data from NOAA 1991–2020 Climate Normals.

Cherryville at a Glance

Population
6,154
Median Income
$58,701
Home Value
$198,000
Median Rent
$948/mo
Unemployment
3.9%
Avg High Temp
73.0°F
Sales Tax
7.0%
View all cities in North Carolina →
🗺️ County data for North Carolina

Explore county-level cost of living data

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