Zip 08002 (Cherry Hill Mall, NJ) Cost of Living


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Cherry Hill Mall cost of living score
94.2
Less expensive
5.8% lower
than the US average
21.4% lower
than the New Jersey average
Cherry Hill Mall (zip 08002), New Jersey gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 21.4% lower than the average for New Jersey.

Zip 08002 (Cherry Hill Mall, NJ)

Housing costs in Cherry Hill Mall?
A typical home costs $335,400, which is 0.8% less expensive than the national average of $338,100 and 22.4% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Cherry Hill Mall costs $1,860 per month, which is 30.1% more than the national average of $1,430 and 8.1% more than the state average of $1,710.

Can I afford Cherry Hill Mall?
To live comfortably in Cherry Hill Mall (zip 08002), New Jersey, a minimum annual income of $64,440 for a family, and $61,600 for a single person is recommended.

What does A.I. say about Cherry Hill Mall?
Living in 08002 Cherry Hill Mall, NJ can be quite expensive. The cost of living is higher than the national average, with housing being the most significant factor. Rent prices are high, with one-bedroom apartments averaging around $1,400 per month. Groceries in the area tend to be more expensive than other cities in New Jersey, with items like milk and eggs costing an average of fifteen cents more than surrounding areas. Additionally, utilities such as electricity and water also come at a premium compared to other parts of the state. However, despite these costs, there are plenty of job opportunities in the area that provide residents with a steady source of income to support their lifestyle.
   Cost of living score
     CategoriesCherry Hill MallNew JerseyUnited States
  94.2119.8100.0
  104.8105.8100
  95.196.9100.0
  101.5136.4100.0
  $335,400$432,100$338,100
  118.5%109.2%100.0%
  89.4127.7100.0
  100.8112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime