Cherry Hill, VA is a great place to call home. It has a small-town atmosphere with plenty of local businesses and amenities. Home to the Cherry Hill Shopping Center, Walmart Supercenter, and many other stores and restaurants, there's something for everyone in this vibrant community. The cost of living in Cherry Hill is relatively high compared to other parts of the US; rent for two bedrooms averages $1,750 while the national average is $1,430. Additionally, the Grocery Cost Index in Cherry Hill is 108 versus 100 in the US which shows that groceries are more expensive here than elsewhere. There are plenty of job opportunities in Cherry Hill as well with local companies like Rogers Group Inc., Amcor Rigid Plastics USA LLC, Henry County Wood Products LLC., and Cardinal Logistics Management Corp providing employment to many members of the community.
Cherry Hill has an unemployment rate of 5.2%. The US average is 6.0%.
Cherry Hill has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Cherry Hill
- The Sales Tax Rate for Cherry Hill is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cherry Hill is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cherry Hill
- The average income of a Cherry Hill resident is $32,244 a year. The US average is $28,555 a year.
- The Median household income of a Cherry Hill resident is $96,703 a year. The US average is $69,021 a year.