Cherry Hill, VA vs Smithfield, VA

The cost of living difference between Cherry Hill, VA and Smithfield, VA is dramatic. Smithfield is 33.9% cheaper than Cherry Hill, a gap that translates to thousands of dollars per year in household expenses. Cherry Hill has a cost index of 133 while Smithfield sits at 99, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cherry Hill is $1,853/month compared to $1,182/month in Smithfield — a 57% difference. Home values follow the same pattern: Smithfield is more affordable at $358,100 median vs $470,400.

Median household income in Cherry Hill is $119,474 compared to $110,182 in Smithfield (+8.4%). Cherry Hill does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Cherry Hill spend roughly 18.6% of their income on rent, more than the 12.9% in Smithfield.