salaryRent is higher than in 72% of U.S. cities. A typical house costs about 3.7 years of household income. Commutes are long, about 41.4 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $83,000 a year. That is $40 an hour at a full-time job.
Is rent cheaper than other Virginia cities?
No. Rent here is more expensive than in most of Virginia. It is number 104 of 199 cities from cheapest to most expensive.
How much do households earn in Cherry Hill?
Share of households by yearly income. 48.8% of households earn $100,000 or more.
Rent by apartment size in Cherry Hill
| Size | Cherry Hill | U.S. average |
|---|---|---|
| 1 bedroom | $1,604 | $1,324 |
| 2 bedrooms | $1,855 | $1,509 |
| 3 bedrooms | $2,402 | $1,698 |
| 4 bedrooms | $2,949 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cherry Hill overall?
Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cherry Hill, so the Virginia figure is shown.
Taxes and bills in Cherry Hill
Life in Cherry Hill
Is it cheaper to rent or buy in Cherry Hill?
Renting is cheaper right now: about $1,342 a month less.
Owning assumes a typical $492,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,250 for the down payment.
Frequently asked questions
What is the average rent in Cherry Hill, VA?
Renting in Cherry Hill costs a median of about $2,075 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Cherry Hill?
To keep rent under 30% of income, you need about $83,000 a year, or $40 an hour at a full-time job.
Is Cherry Hill cheap or expensive?
Cherry Hill is rated Cheap: rent takes 18.9% of the typical household income of $132,059. It ranks 104th cheapest of 199 Virginia cities we track.
How much are property taxes in Cherry Hill?
The median homeowner in Cherry Hill pays $4,705 a year in property taxes, about 0.96% of the median home value.
Is Cherry Hill more expensive than the national average?
Overall prices in Virginia are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Cherry Hill?
The median home value in Cherry Hill is $492,500, about 3.7 times the typical yearly household income.
26,044 people live in Cherry Hill. Numbers are typical (middle) values.