Cost of Living in Cherry Hill Mall, NJ
Population 14,827 · New Jersey · Data vintage 2023
(100 = US avg)
Cherry Hill Mall sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 6.2% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 8 miles southeast of Philadelphia, Cherry Hill Mall falls within that metro's commuting orbit. Median home values run roughly 35% higher than Philadelphia's $232,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cherry Hill Mall
The median home value in Cherry Hill Mall is $313,000 — 3% above the national median of $305,000. Median rent runs $2,069/month, 57% higher than the national median of $1,314/month. The median household income of $117,535/year is 58% higher than the US median of $74,580. The local unemployment rate is 6.2%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 64.4°F and lows of 44.5°F. Overall, Cherry Hill Mall has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 41 | 44 | 52 | 64 | 73 | 82 | 87 | 85 | 78 | 66 | 56 | 46 |
| Low °F | 25 | 26 | 33 | 42 | 51 | 61 | 66 | 64 | 57 | 46 | 36 | 29 |
| Precip" | 2.97 | 2.57 | 3.83 | 3.37 | 2.95 | 3.73 | 5.19 | 4.40 | 3.39 | 3.67 | 2.98 | 3.74 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Cherry Hill Mall, NJ?
Cherry Hill Mall has a cost index of 125 (100 = national average). It is 25% above the national average.
What is average rent in Cherry Hill Mall, NJ?
The median gross rent in Cherry Hill Mall is $2,069 per month based on 2023 Census data.
What is the average home price in Cherry Hill Mall?
The median home value in Cherry Hill Mall is $313,000 according to 2023 Census ACS data.
What is the median income in Cherry Hill Mall?
The median household income in Cherry Hill Mall is $117,535 per year (2023 ACS 5-year estimates).
What is the sales tax in Cherry Hill Mall, NJ?
The combined state and local sales tax rate in Cherry Hill Mall is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Cherry Hill Mall, NJ affordable?
Cherry Hill Mall is above average in cost of living, with an index of 125 — about 25% higher than the national average.
What is the weather like in Cherry Hill Mall?
Cherry Hill Mall has average high temperatures of 64.4°F and average lows of 44.5°F. Annual precipitation is 42.8". Data from NOAA 1991–2020 Climate Normals.
Cherry Hill Mall at a Glance
- Population
- 14,827
- Median Income
- $117,535
- Home Value
- $313,000
- Median Rent
- $2,069/mo
- Unemployment
- 6.2%
- Avg High Temp
- 64.4°F
- Sales Tax
- 6.6%
Nearby Cities
Explore county-level cost of living data
New Jersey Rankings
Similar Cost Cities
Cities in other states with comparable housing costs