Cost of Living in Cherry Valley, CA
Population 7,302 · California · Data vintage 2023
(100 = US avg)
The median resident in Cherry Valley is 55 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals. Unemployment has stayed elevated relative to the national figure — 13.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Cherry Valley sits roughly 14 miles east of Moreno Valley. Median home values run roughly 22% lower than Moreno Valley's $461,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cherry Valley
The median home value in Cherry Valley is $358,000 — 17% above the national median of $305,000. Median rent runs $1,380/month, 5% higher than the national median of $1,314/month. The median household income of $78,125/year is 5% higher than the US median of $74,580. The local unemployment rate is 13.5%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Cherry Valley has a cost of living index of 112 versus the US average of 100, meaning it is 12% more expensive.
Cherry Valley is within a protected area
This area is within or adjacent to protected federal land. Residential housing is concentrated in nearby towns — here are the closest communities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Cherry Valley, CA?
Cherry Valley has a cost index of 112 (100 = national average). It is 12% above the national average.
What is average rent in Cherry Valley, CA?
The median gross rent in Cherry Valley is $1,380 per month based on 2023 Census data.
What is the average home price in Cherry Valley?
The median home value in Cherry Valley is $358,000 according to 2023 Census ACS data.
What is the median income in Cherry Valley?
The median household income in Cherry Valley is $78,125 per year (2023 ACS 5-year estimates).
What is the sales tax in Cherry Valley, CA?
The combined state and local sales tax rate in Cherry Valley is 8.7%. The California state income tax top rate is 13.3%.
Is Cherry Valley, CA affordable?
Cherry Valley is above average in cost of living, with an index of 112 — about 12% higher than the national average.
Cherry Valley at a Glance
- Population
- 7,302
- Median Income
- $78,125
- Home Value
- $358,000
- Median Rent
- $1,380/mo
- Unemployment
- 13.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
California Rankings
Similar Cost Cities
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