Cherry Hill Mall, NJ Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Cherry Hill Mall, NJ Summary

Cost of living in Cherry Hill Mall research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cherry Hill Mall is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Cherry Hill Mall is 118, with 100 being the average.

  • The cost of living index in Cherry Hill Mall is 1.2x higher than the national average.

  • Cherry Hill Mall ranks as the #78 cheapest in New Jersey out of 251.

  • Cherry Hill Mall ranks as the #4,687 cheapest out of 6,412 in the US.

  • The median home value in Cherry Hill Mall is $248,100.

  • The median income in Cherry Hill Mall is $99,683.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
118
Cherry Hill Mall's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Cherry Hill Mall, NJ?

According to the most recent data on the cost of living, Cherry Hill Mall has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.

Compared to New Jersey, Cherry Hill Mall has a cost of living index that's 1.1x higher than New Jersey's index of 111.

The standard of living in Cherry Hill Mall ranks as #78 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Cherry Hill Mall ranks as the #173 most expensive place in the Garden State.

For more reading on life in Cherry Hill Mall, check out:

78 out of 251
In New Jersey
4,687 out of 6,412
In America

Cherry Hill Mall Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Cherry Hill Mall. Here is how it fairs on each of the criteria:

  • The Services index in Cherry Hill Mall is 105.

  • The Groceries index in Cherry Hill Mall is 121.

  • The Health index in Cherry Hill Mall is 100.

  • The Housing index in Cherry Hill Mall is 132.

  • The Transportation index in Cherry Hill Mall is 116.

  • The Utilities index in Cherry Hill Mall is 109.

Living Expense Cherry Hill Mall New Jersey National Average
Overall 118 111 100
Services 105 104 100
Groceries 121 104 100
Health 100 95 100
Housing 132 130 100
Transportation 116 106 100
Utilities 109 108 100
For more reading on cost of living around New Jersey, check out:
Cherry Hill Mall Cost of Living Vs. NJ

Cherry Hill Mall, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Cherry Hill Mall is $248,100.

  • The Median Rent in Cherry Hill Mall is $1,655.

  • The Median Income in Cherry Hill Mall is $99,683.

  • The Home Value To Income in Cherry Hill Mall is 2.5x.

  • The Rent To Monthly Income in Cherry Hill Mall is 0.2x.

Statistic Cherry Hill Mall New Jersey United States
Median Home Value $248,100 $355,700 $244,900
Median Rent $1,655 $1,436 $1,163
Median Income $99,683 $89,703 $69,021
Home Value To Income 2.5x 4.0x 3.5x
Rent To Monthly Income 0.2x 0.19x 0.2x
Search Homes For Sale In Cherry Hill Mall, NJ
$248,100
Median Home Value
$1,655
Median Rent
$99,683
Median Income

Cherry Hill Mall, NJ Costs By Category

Detailed Cherry Hill Mall Services Costs Vs. New Jersey

Item Cherry Hill Mall New Jersey
Shampoo $1.02 $1.06
Movie $12.0 $10.68
Bowling $18.8 $14.67
Haircut $19.66 $18.62
Beauty Salon $60.55 $39.05

Detailed Cherry Hill Mall Groceries Costs Vs. New Jersey

Item Cherry Hill Mall New Jersey
Ground Beef $4.57 $4.22
Fried Chicken $1.6 $1.39
Milk $2.18 $2.05
Potatoes $3.66 $3.29
Pizza $10.67 $10.62
Beer $8.81 $9.38
Toothpaste $2.34 $2.34

Detailed Cherry Hill Mall Health Costs Vs. New Jersey

Item Cherry Hill Mall New Jersey
Optometrist $108.61 $108.57
Doctor $133.89 $116.17
Dentist $96.86 $99.13

Detailed Cherry Hill Mall Transportation Costs Vs. New Jersey

Item Cherry Hill Mall New Jersey
Gasoline $2.42 $2.22
Tire Balancing $60.97 $50.07

Detailed Cherry Hill Mall Utilities Costs Vs. New Jersey

Item Cherry Hill Mall New Jersey
All Electricity $193.98 $167.67
Phone $192.07 $175.64

Cherry Hill Mall SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
7
Diversity
8.5
Safety
N/A
Amenities
9
Education
8
Commute
8

Cost Of Living In Cities Around Cherry Hill Mall

The cost of living varies in the cities and towns around Cherry Hill Mall. Here's a quick look at the cost of living in the most populous nearby places:

  • Springdale, NJ has a cost of living index of 135, 1.1x Cherry Hill Mall.

  • Moorestown-Lenola, NJ has a cost of living index of 133, 1.1x Cherry Hill Mall.

  • Ardmore, PA has a cost of living index of 126, 1.1x Cherry Hill Mall.

City Population Cost Of Living Vs. Cherry Hill Mall
Springdale, NJ 15,393 135 1.1x
Moorestown-Lenola, NJ 14,394 133 1.1x
Ardmore, PA 14,391 126 1.1x
Collingswood, NJ 14,087 116 1.0x
Haddonfield, NJ 12,383 143 1.2x
Greentree, NJ 10,517 126 1.1x
Ashland, NJ 9,248 117 1.0x
Glenside, PA 7,411 117 1.0x
Maple Glen, PA 7,255 137 1.2x
Kingston Estates, NJ 6,825 117 1.0x

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