Affordable

What Salary Do You Need to Live in Cherry Hill?

To afford a 2-bedroom in Cherry Hill, you need to earn at least $86,200/year based on estimated fair market rent data. The median household income here is $114,140, which means the typical resident is $27,940 above the threshold.

Census ACS Data Pop. 22,505

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,509	$5,030	$60,360	$-53,780
1 Bedroom	$1,789	$5,963	$71,560	$-42,580
2 Bedroom BENCHMARK	$2,155	$7,183	$86,200	$-27,940
3 Bedroom	$2,629	$8,763	$105,160	$-8,980
4 Bedroom	$3,233	$10,777	$129,320	+$15,180

Affordability Breakdown

Where the required salary line crosses above Cherry Hill's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$114,140

Annual household

2BR Required Salary

$86,200

Under 30% rule

Income Gap

+$27,940

Surplus

Verdict

Affordable

Ratio: 22.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Cherry Hill

Your Annual Salary

Pre-filled with Cherry Hill's median household income

Max monthly rent you can afford$2,854

Studio

$1,509/mo

1 BR

$1,789/mo

2 BR

$2,155/mo

3 BR

$2,629/mo

4 BR

$3,233/mo

Your salary is $0 above the median income in Cherry Hill.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Cherry Hill's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Cherry Hill

Cherry Hill, Virginia stands out as one of the more financially accessible housing markets in the state. The median household income of $114,140 significantly exceeds the $86,200 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $27,940 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Cherry Hill, a studio at $1,509/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,629/month remains accessible for dual-income households earning above $105,160.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $129,300 would position you well — though many residents in Cherry Hill manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Cherry Hill, Virginia.

With a total population of 22,505, the city supports an active civilian workforce of 12,092 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $86,200 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

12,092

Active civilian employees in Cherry Hill

Frequently Asked Questions About Renting in Cherry Hill

What salary do I need to live in Cherry Hill, Virginia?

To afford a 2-bedroom in Cherry Hill under the 30% rule, you need an annual salary of at least $86,200. The median household income in Cherry Hill is $114,140.

Can I afford a 2-bedroom in Cherry Hill on $114,140?

The affordability verdict for Cherry Hill is "Affordable". The rent-to-income ratio is 22.7%, meaning median earners have a $27,940 surplus.

What is the average rent in Cherry Hill compared to median income?

The median gross rent in Cherry Hill is $1,789/month. With a median household income of $114,140, residents spend approximately 22.7% of their income on rent.

What salary do I need for a studio in Cherry Hill?

A studio in Cherry Hill rents for approximately $1,509/month. Under the 30% rule, you need an annual salary of $60,360 to afford this.

Is Cherry Hill considered an affordable place to live?

Based on the surplus of $27,940 and an affordability verdict of "Affordable", Cherry Hill is considered a affordable rental market when comparing the required 2-bedroom salary of $86,200 to the local median household income.

How Cherry Hill Compares

Other cities in Virginia with salary requirements