Cherry Hill, VA vs Fair Lakes, VA

Cherry Hill is moderately more affordable than Fair Lakes, with a 14.7% lower cost of living index. Cherry Hill scores 133 compared to 156 for Fair Lakes, where the US average is 100. This difference means residents of Fair Lakes can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cherry Hill is $1,853/month compared to $2,325/month in Fair Lakes — a 20% difference. Home values follow the same pattern: Cherry Hill is more affordable at $470,400 median vs $575,500.

Median household income in Cherry Hill is $119,474 compared to $130,789 in Fair Lakes (-8.7%). The higher salaries in Fair Lakes partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cherry Hill spend roughly 18.6% of their income on rent, less than the 21.3% in Fair Lakes.