Cost of Living in Cherry Creek, CO
Population 11,011 · Colorado · Data vintage 2023
(100 = US avg)
Cherry Creek's housing market reflects its status as a high-earning metro: $857,000 for a typical home, 181% above the US median, paired with household incomes around $147,618 that put it in the upper third of the state. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.
Geographically, Cherry Creek is part of the immediate Centennial metro area. Median home values run roughly 37% higher than Centennial's $627,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cherry Creek
The median home value in Cherry Creek is $856,800 — 181% above the national median of $305,000. Median rent runs $1,974/month, 50% higher than the national median of $1,314/month. The median household income of $147,618/year is 98% higher than the US median of $74,580. The local unemployment rate is 2.6%, below the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. The climate averages highs of 63.6°F and lows of 36.7°F. Overall, Cherry Creek has a cost of living index of 229 versus the US average of 100, meaning it is 129% more expensive.
🏠 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 45 | 46 | 54 | 60 | 69 | 81 | 87 | 85 | 77 | 64 | 52 | 44 |
| Low °F | 19 | 20 | 27 | 34 | 43 | 52 | 59 | 57 | 49 | 36 | 26 | 19 |
| Precip" | 0.41 | 0.43 | 1.04 | 1.94 | 2.04 | 1.98 | 1.76 | 2.25 | 1.29 | 1.00 | 0.53 | 0.35 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Cherry Creek, CO?
Cherry Creek has a cost index of 229 (100 = national average). It is 129% above the national average.
What is average rent in Cherry Creek, CO?
The median gross rent in Cherry Creek is $1,974 per month based on 2023 Census data.
What is the average home price in Cherry Creek?
The median home value in Cherry Creek is $856,800 according to Zillow and Census data.
What is the median income in Cherry Creek?
The median household income in Cherry Creek is $147,618 per year (2023 ACS 5-year estimates).
What is the sales tax in Cherry Creek, CO?
The combined state and local sales tax rate in Cherry Creek is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Cherry Creek, CO affordable?
Cherry Creek is above average in cost of living, with an index of 229 — about 129% higher than the national average.
What is the weather like in Cherry Creek?
Cherry Creek has average high temperatures of 63.6°F and average lows of 36.7°F. Annual precipitation is 15". Data from NOAA 1991–2020 Climate Normals.
Cherry Creek at a Glance
- Population
- 11,011
- Median Income
- $147,618
- Home Value
- $856,800
- Median Rent
- $1,974/mo
- Unemployment
- 2.6%
- Avg High Temp
- 63.6°F
- Sales Tax
- 7.8%
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Colorado Rankings
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