Cherry Hill Mall, NJ
Population 14,827 · New Jersey
About Cherry Hill Mall, NJ
Cherry Hill Mall is a mid-sized city located in New Jersey with a population of 14,827 residents according to the latest US Census Bureau American Community Survey data. The median household income is $117,535 per year, which is 56% above the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cherry Hill Mall features a median home value of $313,000, which is 28% above the national median of $244,900. This positions Cherry Hill Mall in a moderately priced market relative to the rest of the country. Median monthly rent is $2,069, 78% above the national average of $1,163/month. Of the 5,840 total housing units, 72% are owner-occupied (3,900 units) and 28% are renter-occupied (1,509 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cherry Hill Mall shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cherry Hill Mall have an average one-way commute time of 24.4 minutes.
Education & Demographics
47.0% of Cherry Hill Mall residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 8.3% Black or African American, and 4.4% Asian residents, with 14.2% of the population being foreign-born.
Cost of Living in Cherry Hill Mall, NJ
Compared to national averages, Cherry Hill Mall has a median household income of $117,535 (56% above the national median of $75,149). Home values average $313,000, which is 28% above the national median. Monthly rent at $2,069 is 78% above the US average of $1,163. Within New Jersey, Cherry Hill Mall's income is 2% above the state average of $115,667, and home values are 33% below the state median of $469,644.
Why Live in Cherry Hill Mall, NJ?
Cherry Hill Mall offers a strong local economy with a median household income of $117,535, well above the national average, and a well-educated community where 47.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.7%, better than the national average. Additionally, the city features short commute times averaging just 24.4 minutes.
Cherry Hill Mall has a population of 14,827 with a median age of 38.8 years. Compare Cherry Hill Mall with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Cherry Hill Mall
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williamstown | 14,855 | $87,021 | $255,000 | Compare |
| Hammonton | 14,746 | $83,044 | $324,200 | Compare |
| Ramsey | 14,722 | $164,767 | $665,700 | Compare |
| Highland Park | 14,981 | $101,991 | $463,600 | Compare |
| Metuchen | 14,982 | $157,779 | $565,400 | Compare |
| Edgewater | 14,544 | $137,847 | $723,400 | Compare |
| Moorestown-Lenola | 14,523 | $134,167 | $533,400 | Compare |
| Middlesex | 14,518 | $107,063 | $414,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cherry Hill Mall With Other Cities
Frequently Asked Questions about Cherry Hill Mall
What is the population of Cherry Hill Mall, NJ?
The population of Cherry Hill Mall, NJ is 14,827 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Cherry Hill Mall?
The median household income in Cherry Hill Mall, NJ is $117,535 per year, which is 56% above the national median of $75,149.
What is the median home value in Cherry Hill Mall?
The median home value in Cherry Hill Mall, NJ is $313,000, which is 28% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cherry Hill Mall?
The median monthly rent in Cherry Hill Mall, NJ is $2,069, which is 78% above the national average of $1,163/month.
What is the unemployment rate in Cherry Hill Mall?
The unemployment rate in Cherry Hill Mall, NJ is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cherry Hill Mall, NJ a good place to live?
Cherry Hill Mall offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 14,827 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Cherry Hill Mall, NJ?
47.0% of residents in Cherry Hill Mall aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cherry Hill Mall?
Key cost-of-living indicators for Cherry Hill Mall, NJ: median home value is $313,000 (28% above national), median rent is $2,069/month, and median household income is $117,535. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cherry Hill Mall?
The poverty rate in Cherry Hill Mall, NJ is 8.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cherry Hill Mall, NJ?
Cherry Hill Mall's population is 0.0% White, 0.4% Hispanic or Latino, 8.3% Black or African American, 4.4% Asian, and 11.1% two or more races. 14.2% of residents are foreign-born.