Cost of Living in Cherry Branch, NC

With a cost of living index of 106, Cherry Branch, NC is somewhat more expensive than average. Living here is 6% more expensive than the national average and 21% above the North Carolina state average of 84. Cherry Branch is a small community of 1,406 residents.

Housing costs are the biggest factor in Cherry Branch's cost of living. The median monthly rent is $1,645 (25% above the US median of $1,319), and the median home value sits at $278,800 (9% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Cherry Branch is $111,930, which is 49% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.