States › North Carolina › Cherryville

Is Cherryville, NC expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,11436% lower than U.S. average
💵 Families earn per year (2026)$76,169about $6,347/month · 13% lower than U.S. average
🔑 House price$232,10030% lower than U.S. average

Rent is lower than in 81% of U.S. cities. A typical house costs about 3.0 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $44,560 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other North Carolina cities?

Yes. Rent here is cheaper than in most of North Carolina. It is number 40 of 164 cities from cheapest to most expensive.

Cherryville
$1,114
Angier
$941
Wrightsboro
$1,315
East Flat Rock
$1,068
Boiling Spring Lakes
$2,318
Dallas
$918
Mocksville
$939

How much do households earn in Cherryville?

Under $25k
20.6%
$25k–50k
20.6%
$50k–100k
36.1%
$100k–150k
14.4%
$150k+
5.7%

Share of households by yearly income. 20.0% of households earn $100,000 or more.

Rent by apartment size in Cherryville

SizeCherryvilleU.S. average
2 bedrooms$1,108$1,509
3 bedrooms$1,169$1,698

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

How expensive is Cherryville overall?

Everyday prices in North Carolina overall are 6% below the U.S. average (index 94.3, U.S. = 100).

Housing
81
Goods (food, clothes…)
97
Utilities
89
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cherryville, so the North Carolina figure is shown.

Taxes and bills in Cherryville

🏛️ Property tax$1,736a year · 0.75% of home value · U.S. $3,119
⚡ Electric bill$206a month (typical) · U.S. $156

Life in Cherryville

Commute to work27.8 minU.S.: 26.4 min
College degree24.8%U.S.: 35.7%
Own their home69.7%U.S.: 65.2%
Below poverty line12.4%U.S.: 12.5%
Unemployment3%U.S.: 5.2%

Is it cheaper to rent or buy in Cherryville?

Renting is cheaper right now: about $496 a month less.

Renting
$1,114
Owning
$1,610

Owning assumes a typical $232,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,210 for the down payment.

Frequently asked questions

What is the average rent in Cherryville, NC?

Renting in Cherryville costs a median of about $1,114 a month in 2026, including utilities. The North Carolina median is $1,496.

How much do I need to make to live in Cherryville?

To keep rent under 30% of income, you need about $44,560 a year, or $21 an hour at a full-time job.

Is Cherryville cheap or expensive?

Cherryville is rated Cheap: rent takes 17.6% of the typical household income of $76,169. It ranks 40th cheapest of 164 North Carolina cities we track.

How much are property taxes in Cherryville?

The median homeowner in Cherryville pays $1,736 a year in property taxes, about 0.75% of the median home value.

Is Cherryville more expensive than the national average?

Overall prices in North Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Cherryville?

The median home value in Cherryville is $232,100, about 3.0 times the typical yearly household income.

6,226 people live in Cherryville. Numbers are typical (middle) values.