Cherry Hill Mall, NJ Cost Of Living
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
Cherry Hill Mall's Overall Cost Of Living
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:
- Living In Cherry Hill Mall
- Search Homes For Sale In Cherry Hill Mall, NJ
In New Jersey
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 | |
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 |
Median Home Value
Median Rent
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
/10
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 |
