States › New Jersey › Cherry Hill Mall

Is Cherry Hill Mall, NJ expensive to live in?

OKRent takes 27 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,51543% higher than U.S. average
💵 Families earn per year (2026)$111,849about $9,321/month · 28% higher than U.S. average
🔑 House price$341,2003% higher than U.S. average

Rent is higher than in 86% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $100,600 a year. That is $48 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

No. Rent here is more expensive than in most of New Jersey. It is number 195 of 291 cities from cheapest to most expensive.

Cherry Hill Mall
$2,515
Hopatcong
$1,961
Moorestown-Lenola
$2,869
Middlesex
$2,916
Williamstown
$1,397
Edgewater
$3,316
Ramsey
$2,477

How much do households earn in Cherry Hill Mall?

Under $25k
6.8%
$25k–50k
16.6%
$50k–100k
32.5%
$100k–150k
23.3%
$150k+
18.3%

Share of households by yearly income. 41.6% of households earn $100,000 or more.

Rent by apartment size in Cherry Hill Mall

SizeCherry Hill MallU.S. average
Studio$2,393$1,338
1 bedroom$1,221$1,324
2 bedrooms$2,540$1,509
3 bedrooms$2,622$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Cherry Hill Mall overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cherry Hill Mall, so the New Jersey figure is shown.

Taxes and bills in Cherry Hill Mall

🏛️ Property tax$9,211a year · 2.70% of home value · U.S. $3,119
⚡ Electric bill$217a month (typical) · U.S. $156

Life in Cherry Hill Mall

Commute to work27.1 minU.S.: 26.4 min
College degree47.7%U.S.: 35.7%
Own their home71.4%U.S.: 65.2%
Below poverty line10.8%U.S.: 12.5%
Unemployment7.3%U.S.: 5.2%

Is it cheaper to rent or buy in Cherry Hill Mall?

Buying is cheaper month to month: about $148 a month less than renting.

Renting
$2,515
Owning
$2,367

Owning assumes a typical $341,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,120 for the down payment.

Frequently asked questions

What is the average rent in Cherry Hill Mall, NJ?

Renting in Cherry Hill Mall costs a median of about $2,515 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Cherry Hill Mall?

To keep rent under 30% of income, you need about $100,600 a year, or $48 an hour at a full-time job.

Is Cherry Hill Mall cheap or expensive?

Cherry Hill Mall is rated OK: rent takes 27.0% of the typical household income of $111,849. It ranks 195th cheapest of 291 New Jersey cities we track.

How much are property taxes in Cherry Hill Mall?

The median homeowner in Cherry Hill Mall pays $9,211 a year in property taxes, about 2.70% of the median home value.

Is Cherry Hill Mall more expensive than the national average?

Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Cherry Hill Mall?

The median home value in Cherry Hill Mall is $341,200, about 3.1 times the typical yearly household income.

14,541 people live in Cherry Hill Mall. Numbers are typical (middle) values.