Cherry Hill township, New Jersey Median Income

Cherry Hill township, New Jersey has a population of 74,891, with a median household income of $118,228.

Current median income data for Cherry Hill township.

$118,228

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Population

74,891

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Median Income

$118,228

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Unemployment

2.50%

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Housing Price

$488,771

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Crime Rate

0.40

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Internet Speed

286.10 Mbps

Cherry Hill township is a smaller urban community located in New Jersey. The city has a population that is above the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Cherry Hill township, located in New Jersey, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Cherry Hill township has a population of 74,891, which is higher than the state average. This indicates a relatively larger urban presence within New Jersey.

Income and Economy

The median household income in Cherry Hill township is $118,228, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

The average housing price in Cherry Hill township is about $488,771, making it relatively affordable compared to many cities in New Jersey.

Employment and Safety

The unemployment rate in Cherry Hill township is 2.50%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Cherry Hill township are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in New Jersey, Cherry Hill township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Cherry Hill township offers a balanced mix of economic conditions, population trends, and housing opportunities within New Jersey.

Frequently Asked Questions about Cherry Hill township

What is the population of Cherry Hill township?

The population of Cherry Hill township is approximately 74,891.

Is Cherry Hill township a good place to live?

Cherry Hill township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Cherry Hill township?

The median household income in Cherry Hill township is around $118,228.

How expensive is housing in Cherry Hill township?

The average housing price in Cherry Hill township is approximately $488,771.