What is the median household income in Cherry Hill Township, NJ?
The median household income in Cherry Hill Township, NJ is $121,502 (±$5,462) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,882 a month would take about $75,300 a year at the common guideline of spending no more than 30% of income on rent.
In Cherry Hill Township, the median household income went from $105,022 in 2015–2019 to $121,502 in 2020–2024 (+15.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $121,502 (±$5,462)
- Median renter income
- $75,921 (±$6,841)
- Income to afford median rent
- about $75,300
Income in Cherry Hill Township against Camden County, its state and the nation
| Cherry Hill Township | Camden County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $121,502 (±$5,462) | $88,755 (±$1,883) | $103,556 (±$513) | $80,734 |
| Median renter household income | $75,921 (±$6,841) | $49,624 (±$2,002) | $62,674 (±$718) | $52,966 |
| Median owner household income | $142,807 (±$4,626) | $115,063 (±$1,837) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,882 (±$158) | $1,402 (±$20) | $1,720 (±$7) | $1,413 |
In Cherry Hill Township, median household income is higher than in Camden County ($88,755).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Camden County, Cherry Hill Township ranks 3 of 35 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 227 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Cherry Hill Township
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,882 a month ($22,584 a year) needs an income of about $75,300 a year.
The median renting household in Cherry Hill Township earns $75,921 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $105,022 (±$6,385) | $121,502 (±$5,462) | +15.7% | No measurable change after inflation |
| Median gross rent | $1,420 (±$61) | $1,882 (±$158) | +32.5% | No measurable change after inflation |
| Median home value | $277,300 (±$3,017) | $386,300 (±$7,741) | +39.3% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Cherry Hill Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Cherry Hill Township | — | $121,502 (±$5,462) | — |
| Haddonfield Borough | 2.1 mi | $200,400 (±$12,551) | Higher |
| Ramblewood | 3.0 mi | $111,170 (±$11,815) | Not measurably different |
| Westmont | 3.0 mi | $115,317 (±$11,980) | Not measurably different |
| Lawnside Borough | 3.1 mi | $71,607 (±$10,747) | Lower |
| Maple Shade Township | 3.3 mi | $78,904 (±$10,501) | Lower |
| Haddon Township | 3.5 mi | $115,298 (±$11,774) | Not measurably different |
| Marlton | 3.6 mi | $94,464 (±$4,776) | Lower |
| Barrington Borough | 3.8 mi | $87,290 (±$18,206) | Lower |
Nearby places with a measurably lower figure: Lawnside Borough, NJ ($71,607), Maple Shade Township, NJ ($78,904), Marlton, NJ ($94,464).
Nearby places with a measurably higher figure: Haddonfield Borough, NJ ($200,400).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Camden County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Haddonfield Borough | $200,400 (±$12,551) |
| 2 | Haddon Heights Borough | $133,125 (±$14,722) |
| 3 | Cherry Hill Township | $121,502 (±$5,462) |
| 4 | Laurel Springs Borough | $118,750 (±$18,899) |
| 5 | Audubon Borough | $115,789 (±$16,790) |
| 6 | Haddon Township | $115,298 (±$11,774) |
| 7 | Waterford Township | $111,791 (±$9,831) |
| 8 | Voorhees Township | $105,473 (±$12,213) |
| 9 | Berlin Borough | $102,855 (±$14,479) |
Showing 9 of 35 places in Camden County, ranked from highest to lowest.
The figures for Cherry Hill Township include the places inside it that have pages of their own: Ashland, Barclay, Cherry Hill Mall, Ellisburg, Golden Triangle, Greentree, Kingston Estates, Springdale.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Cherry Hill Township
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Questions about Cherry Hill Township
What is the median household income in Cherry Hill Township?
The median household income in Cherry Hill Township is $121,502 (±$5,462) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Cherry Hill Township?
About $75,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,882 a month.
Have incomes in Cherry Hill Township kept up with inflation?
In Cherry Hill Township, the median household income went from $105,022 in 2015–2019 to $121,502 in 2020–2024 (+15.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Cherry Hill Township?
The median renting household in Cherry Hill Township, NJ earns $75,921 (±$6,841) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cherry Hill township, Camden County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cherry Hill township, Camden County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cherry Hill township, Camden County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Cherry Hill township, Camden County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cherry Hill township, Camden County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cherry Hill township, Camden County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cherry Hill township, Camden County, New Jersey (county subdivision:12280, in state:34 county:007).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Fair Market Rent in Cherry Hill Township
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- New Jersey landlord and tenant rules
- Housing across Camden County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey