Cherry Hill, VA Cost Of Living
Cost Of Living In Cherry Hill, VA Summary
Cost of living in Cherry Hill 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 is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, 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 is 130, with 100 being the average.
The cost of living index in Cherry Hill is 1.3x higher than the national average.
Cherry Hill ranks as the #99 cheapest in Virginia out of 190.
Cherry Hill ranks as the #4,989 cheapest out of 6,489 in the US.
The median home value in Cherry Hill is $528,124.
The median income in Cherry Hill is $119,474.
Table Of Contents
Cherry Hill's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cherry Hill, VA?
According to the most recent data on the cost of living, Cherry Hill has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to Virginia, Cherry Hill has a cost of living index that's 1.2x higher than Virginia's index of 110.
The standard of living in Cherry Hill ranks as #99 most affordable out of the 190 places we measured in Virginia. By definition, that implies Cherry Hill ranks as the #91 most expensive place in the Old Dominion.
For more reading on life in Cherry Hill, check out:
In Virginia
In America
Cherry Hill Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Cherry Hill. Here is how it fairs on each of the criteria:
The Services index in Cherry Hill is 111.
The Groceries index in Cherry Hill is 114.
The Health index in Cherry Hill is 110.
The Housing index in Cherry Hill is 181.
The Transportation index in Cherry Hill is 109.
The Utilities index in Cherry Hill is 99.
| Living Expense | Cherry Hill | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 130 | 110 | 100 | |
| Services | 111 | 101 | 100 | |
| Groceries | 114 | 99 | 100 | |
| Health | 110 | 98 | 100 | |
| Housing | 181 | 130 | 100 | |
| Transportation | 109 | 94 | 100 | |
| Utilities | 99 | 104 | 100 | |
Cherry Hill, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Cherry Hill is $528,124.
The Median Rent in Cherry Hill is $1,853.
The Median Income in Cherry Hill is $119,474.
The Home Value To Income in Cherry Hill is 4.4x.
The Rent To Monthly Income in Cherry Hill is 0.19x.
| Statistic | Cherry Hill | Virginia | United States |
|---|---|---|---|
| Median Home Value | $528,124 | $404,962 | $303,400 |
| Median Rent | $1,853 | $1,514 | $1,348 |
| Median Income | $119,474 | $90,974 | $78,538 |
| Home Value To Income | 4.4x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Cherry Hill, VA Costs By Category
Detailed Cherry Hill Services Costs Vs. Virginia
| Item | Cherry Hill | Virginia |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $13.08 | $12.13 |
| Bowling | $24.34 | $18 |
| Haircut | $25.51 | $24.26 |
| Beauty Salon | $47.63 | $45.56 |
Detailed Cherry Hill Groceries Costs Vs. Virginia
| Item | Cherry Hill | Virginia |
|---|---|---|
| Ground Beef | $6.08 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.68 | $4.67 |
| Potatoes | $5.3 | $4.93 |
| Pizza | $12.49 | $12.09 |
| Beer | $10.83 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Cherry Hill Health Costs Vs. Virginia
| Item | Cherry Hill | Virginia |
|---|---|---|
| Optometrist | $120.12 | $125.68 |
| Doctor | $135.82 | $135.78 |
| Dentist | $98.77 | $113.29 |
Detailed Cherry Hill Transportation Costs Vs. Virginia
| Item | Cherry Hill | Virginia |
|---|---|---|
| Gasoline | $3.34 | $3.46 |
| Tire Balancing | $64.7 | $59.92 |
Detailed Cherry Hill Utilities Costs Vs. Virginia
| Item | Cherry Hill | Virginia |
|---|---|---|
| All Electricity | $213.29 | $193.99 |
| Phone | $184.83 | $192.25 |
Cherry Hill SnackAbility
/10
Cost Of Living In Cities Around Cherry Hill
The cost of living varies in the cities and towns around Cherry Hill. Here's a quick look at the cost of living in the most populous nearby places:
Burke, VA has a cost of living index of 160, 1.2x Cherry Hill.
West Springfield, VA has a cost of living index of 153, 1.2x Cherry Hill.
Montclair, VA has a cost of living index of 145, 1.1x Cherry Hill.
| City | Population | Cost Of Living | Vs. Cherry Hill |
|---|---|---|---|
| Burke, VA | 43,336 | 160 | 1.2x |
| West Springfield, VA | 22,905 | 153 | 1.2x |
| Montclair, VA | 22,295 | 145 | 1.1x |
| Burke Centre, VA | 17,447 | 144 | 1.1x |
| Kingstowne, VA | 17,436 | 151 | 1.2x |
| Fort Hunt, VA | 16,519 | 188 | 1.4x |
| Kings Park West, VA | 13,281 | 163 | 1.3x |
| Newington Forest, VA | 12,434 | 149 | 1.1x |
| Triangle, VA | 11,265 | 141 | 1.1x |
| Long Branch, VA | 7,066 | 152 | 1.2x |
