Gloucester Township, NJ vs. Cherry Hill, NJ: Cost of Living Comparison (2025)
In 2025, the typical family spends nearly $300 less per month living in Gloucester Township compared to Cherry Hill. Both Philadelphia suburbs offer distinct advantages — but which fits your budget best?
Gloucester Township and Cherry Hill are two popular South Jersey communities located just minutes apart. Families and young professionals often compare these neighboring townships when relocating to the Philadelphia area. While both provide convenient access to the city, they present different lifestyle tradeoffs in terms of housing options, local amenities, and overall affordability.
As we look ahead to 2025, cost of living has become the central factor for many people deciding between Gloucester Township and Cherry Hill. In this article, we’ll break down the key expenses — from housing to groceries to taxes — to help you determine which suburb aligns with your household budget and priorities.
Housing Costs
Housing is the most significant cost difference between Gloucester Township and Cherry Hill. In 2025, the median home price in Gloucester Township is approximately $325,000, while Cherry Hill’s median sits closer to $450,000. This gap reflects the higher percentage of newer construction and luxury properties available in Cherry Hill.
For renters, a typical two-bedroom apartment in Gloucester Township runs around $1,600 per month. In Cherry Hill, a comparable unit averages $1,900 or more. The township’s proximity to high-end shopping and dining drives up rental rates.
Availability also plays a role in housing costs. Gloucester Township has a larger supply of starter homes and affordable apartments, making it easier for young families and first-time buyers to find options within their budget. Cherry Hill’s housing market tends to be more competitive, with a mix of established neighborhoods and new luxury developments.
| Housing Type | Gloucester Township | Cherry Hill |
|---|---|---|
| Median Home Price | $325,000 | $450,000 |
| 2BR Apartment Rent | $1,600 | $1,900 |
| 3BR Single-Family Home | $1,900 | $2,400 |
For a family of four seeking a single-family home, Gloucester Township offers significant savings. A three-bedroom house rents for around $1,900 per month, compared to upwards of $2,400 in Cherry Hill. Young professionals and couples, on the other hand, may find Cherry Hill’s newer apartment complexes and townhomes worth the premium for upgraded finishes and amenities.
Overall, Gloucester Township comes out ahead on housing affordability across most property types and household sizes. Its diverse housing stock and lower price points make it an attractive choice for budget-conscious families and first-time homebuyers.
Utilities and Energy Costs
Utility costs are comparable between Gloucester Township and Cherry Hill, with both served by PSE&G for electricity and gas. The average monthly energy bill ranges from $150-200 for a two-bedroom apartment to $250-300 for a single-family home.
Seasonal usage does impact utility expenses. Winters in South Jersey can be chilly, pushing heating costs higher from November through March. Older homes in both townships may have higher bills due to less efficient insulation and HVAC systems. Newer construction, more common in Cherry Hill, tends to be better equipped for energy savings.
Households can take advantage of PSE&G’s energy efficiency programs and rebates to help manage utility costs. The utility offers free home energy audits, discounts on efficient appliances, and tiered pricing plans to reduce bills during off-peak hours.
With similar utility rates and providers, there’s no clear winner between Gloucester Township and Cherry Hill. Expenses ultimately depend more on home size, age, and energy usage than location. Larger families in older houses will generally pay more than singles or couples in newer apartments.
Groceries and Daily Expenses
Gloucester Township residents benefit from slightly lower prices on everyday essentials like groceries, dining out, and household goods. The township’s larger supermarkets, such as ShopRite and Acme, tend to offer better deals than the specialty grocers and organic markets more common in Cherry Hill.
A gallon of milk runs about $3.50 in Gloucester Township compared to $4 in Cherry Hill. A dozen eggs cost around $2.75 and $3.25, respectively. For a family of four, these small differences can add up to $100 or more in monthly savings.
Dining out is also more affordable in Gloucester Township, with a typical fast-casual meal priced at $12-15 per person. In Cherry Hill, expect to pay $15-20 for a comparable restaurant experience. The township’s higher-end dining scene and proximity to the Cherry Hill Mall drive up costs.
Budget-conscious families will find better value in Gloucester Township’s range of low-cost grocery and dining options. Young professionals and foodies, however, may prefer Cherry Hill’s diverse restaurant offerings and specialty stores — even at a slight premium.
Taxes and Fees
Gloucester Township homeowners enjoy a lower property tax rate of 2.745% compared to Cherry Hill’s 2.918% (as of 2025). For a house assessed at $325,000, that’s an annual savings of over $560.
Both townships have a 6.625% sales tax, in line with the New Jersey state rate. Neither imposes additional local sales taxes on top of this.
One notable difference is in municipal service fees. Cherry Hill residents pay separate charges for trash, recycling, and sewer service that can add $50-75 to monthly bills. In Gloucester Township, these costs are typically rolled into property taxes or HOA fees, resulting in more predictable expenses.
Renters in both locations should factor in potential HOA or condo fees on top of monthly rent. These charges tend to be higher in Cherry Hill’s newer complexes, which often include upscale amenities and services.
For most households, Gloucester Township’s lower property tax rate and municipal fees result in meaningful annual savings compared to Cherry Hill. The exact impact depends on home value, but owners can expect to keep hundreds of dollars more each year.
Cost Summary Table
| Expense Category | Gloucester Township | Cherry Hill |
|---|---|---|
| Housing (Mortgage/Rent) | $1,600 – $1,900 | $1,900 – $2,400 |
| Utilities | $150 – $300 | $150 – $300 |
| Groceries | $500 – $800 | $600 – $900 |
| Transportation | $60 – $100 | $60 – $100 |
| Taxes (Property/Sales) | 2.745% / 6.625% | 2.918% / 6.625% |
| Misc. Expenses | $200 – $500 | $300 – $600 |
| Estimated Monthly Total | $2,510 – $3,600 | $3,010 – $4,300 |
Estimates reflect 2025 costs for a mid-size household (2-bedroom apartment or 3-bedroom home) using published national data and regional benchmarks. Actual expenses will vary with household size, lifestyle, and neighborhood.
When totaling up the core living expenses, Gloucester Township offers monthly savings of $500 or more compared to Cherry Hill for a typical family. Much of this difference stems from lower housing costs, but recurring expenses like groceries, dining out, and taxes also play a role. A household bringing in the median income could save upwards of $6,000 annually by choosing Gloucester Township over Cherry Hill.
Lifestyle Fit
Beyond the hard costs, Gloucester Township and Cherry Hill provide distinct lifestyle options that may sway your decision. Gloucester Township offers a more laid-back, family-oriented vibe with its spacious parks, community events, and affordable recreation. It’s an ideal fit for those seeking a quiet suburban experience without the premium price tag.
Cherry Hill, on the other hand, delivers a more upscale and urbane feel. Its thriving restaurant and retail scene, anchored by the Cherry Hill Mall, offers endless entertainment options. The township’s newer housing developments and luxury apartments cater to professionals who value high-end amenities and finishes.
Both townships benefit from convenient access to Philadelphia, with commute times averaging 30-40 minutes. Gloucester Township residents can hop on the PATCO Speedline for a quick ride into Center City, while Cherry Hill offers more frequent NJ Transit bus service. This connectivity makes either location viable for those working in the city who prefer a suburban home base.
Gloucester Township’s expansive green spaces and trails provide ample opportunities for outdoor recreation. Families flock to community hubs like Veterans Park and Timber Creek Park for sports, picnics, and events. The township’s lower cost of living allows more room in the budget for kids’ activities and entertainment.
Cherry Hill’s walkable neighborhoods and upscale shopping districts create a more dynamic suburban experience. Residents can stroll to cafes and boutiques or catch a show at the Ritz Theater. The township’s higher home values and taxes fund top-rated schools and public services, a draw for education-minded families.
Ultimately, your lifestyle priorities and budget will determine the best fit. Gloucester Township offers unbeatable value for the space and amenities, while Cherry Hill delivers a more vibrant, urban-adjacent experience at a cost. Carefully weigh your needs against the monthly savings to make the smartest choice.
Frequently Asked Questions
Is Gloucester Township more affordable than Cherry Hill in 2025?
Yes, Gloucester Township offers a lower overall cost of living compared to Cherry Hill in 2025. The most significant savings are in housing, with the typical family spending $300-500 less per month on rent or mortgage payments. Recurring costs like groceries, dining out, and property taxes also tend to be lower in Gloucester Township.
How do property taxes compare between Cherry Hill and Gloucester Township?
As of 2025, Cherry Hill’s property tax rate is 2.918%, while Gloucester Township’s is 2.745%. For a home assessed at the township’s median value of $325,000, that equates to an annual savings of over $560 in Gloucester Township.
Are utility bills higher in Cherry Hill or Gloucester Township?
Utility costs are comparable between the two townships, with both served by PSE&G. Bills are more dependent on home size, age, and energy usage than location. Newer construction, which is more common in Cherry Hill, may offer slightly better efficiency and lower monthly expenses.
What is the average monthly cost of living for a family of four in Gloucester Township vs. Cherry Hill?
In Gloucester Township, the estimated monthly cost for a family of four is $2,510 – $3,600. This factors in housing, utilities, groceries, transportation, taxes, and miscellaneous expenses. In Cherry Hill, the same family would spend approximately $3,010 – $4,300 per month. Actual totals will vary based on neighborhood, lifestyle, and housing choices.
How much could a typical household save annually by choosing Gloucester Township over Cherry Hill in 2025?
A household earning the median income could save upwards of $6,000 per year living in Gloucester Township compared to Cherry Hill. The bulk of these savings come from lower housing costs, which can range from $300-500 less per month. Additional savings add up from lower grocery bills, dining out, and property taxes.
Conclusion
In the Gloucester Township vs. Cherry Hill cost of living showdown, Gloucester Township emerges as the clear winner for budget-conscious families and savvy savers. With lower housing costs, affordable grocery and dining options, and a competitive property tax rate, the township offers a comparable suburban lifestyle at a significantly lower price point.
Cherry Hill still holds appeal for those willing to pay a premium for newer construction, upscale amenities, and a more dynamic retail and restaurant scene. But for the typical household looking to stretch their dollars further, Gloucester Township is the smarter choice. By potentially saving $500 or more per month, families can invest in their futures, plan for big expenses, or simply enjoy a higher quality of life.
Of course, the cost of living is just one factor in choosing where to call home. As you weigh your options, consider how Gloucester Township’s affordability could help you achieve your long-term financial goals. Explore our [guide to monthly expenses in Gloucester Township](/gloucester-township-nj/monthly-budget/) to see how far your budget will go and plan accordingly. With smart spending and savvy housing choices, you can make the most of all this Philadelphia suburb has to offer — without breaking the bank.