Cherry Creek, CO Cost Of Living
Cost Of Living In Cherry Creek, CO Summary
Cost of living in Cherry Creek research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cherry Creek is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cherry Creek is 143, with 100 being the average.
The cost of living index in Cherry Creek is 1.4x higher than the national average.
Cherry Creek ranks as the #104 cheapest in Colorado out of 111.
Cherry Creek ranks as the #5,677 cheapest out of 6,412 in the US.
The median home value in Cherry Creek is $701,000.
The median income in Cherry Creek is $125,634.
Table Of Contents
Cherry Creek's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cherry Creek, CO?
According to the most recent data on the cost of living, Cherry Creek has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to Colorado, Cherry Creek has a cost of living index that's 1.4x higher than Colorado's index of 104.
The standard of living in Cherry Creek ranks as #104 most affordable out of the 111 places we measured in Colorado. By definition, that implies Cherry Creek ranks as the #7 most expensive place in the Centennial State.
For more reading on life in Cherry Creek, check out:
- Living In Cherry Creek
- Search Homes For Sale In Cherry Creek, CO
In Colorado
In America
Cherry Creek Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Cherry Creek. Here is how it fairs on each of the criteria:
The Services index in Cherry Creek is 110.
The Groceries index in Cherry Creek is 96.
The Health index in Cherry Creek is 101.
The Housing index in Cherry Creek is 238.
The Transportation index in Cherry Creek is 114.
The Utilities index in Cherry Creek is 82.
| Living Expense | Cherry Creek | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 143 | 104 | 100 | |
| Services | 110 | 102 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 101 | 100 | 100 | |
| Housing | 238 | 116 | 100 | |
| Transportation | 114 | 104 | 100 | |
| Utilities | 82 | 90 | 100 | |
Cherry Creek, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cherry Creek is $701,000.
The Median Rent in Cherry Creek is $1,690.
The Median Income in Cherry Creek is $125,634.
The Home Value To Income in Cherry Creek is 5.6x.
The Rent To Monthly Income in Cherry Creek is 0.16x.
| Statistic | Cherry Creek | Colorado | United States |
|---|---|---|---|
| Median Home Value | $701,000 | $397,500 | $244,900 |
| Median Rent | $1,690 | $1,437 | $1,163 |
| Median Income | $125,634 | $80,184 | $69,021 |
| Home Value To Income | 5.6x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Cherry Creek, CO Costs By Category
Detailed Cherry Creek Services Costs Vs. Colorado
| Item | Cherry Creek | Colorado |
|---|---|---|
| Shampoo | $0.98 | $1.06 |
| Movie | $12.9 | $10.68 |
| Bowling | $19.78 | $14.67 |
| Haircut | $21.67 | $18.62 |
| Beauty Salon | $44.29 | $39.05 |
Detailed Cherry Creek Groceries Costs Vs. Colorado
| Item | Cherry Creek | Colorado |
|---|---|---|
| Ground Beef | $4.11 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $1.76 | $2.05 |
| Potatoes | $3.05 | $3.29 |
| Pizza | $12.49 | $10.62 |
| Beer | $8.98 | $9.38 |
| Toothpaste | $1.89 | $2.34 |
Detailed Cherry Creek Health Costs Vs. Colorado
| Item | Cherry Creek | Colorado |
|---|---|---|
| Optometrist | $104.86 | $108.57 |
| Doctor | $111.77 | $116.17 |
| Dentist | $105.51 | $99.13 |
Detailed Cherry Creek Transportation Costs Vs. Colorado
| Item | Cherry Creek | Colorado |
|---|---|---|
| Gasoline | $2.49 | $2.22 |
| Tire Balancing | $57.16 | $50.07 |
Detailed Cherry Creek Utilities Costs Vs. Colorado
| Item | Cherry Creek | Colorado |
|---|---|---|
| All Electricity | $105.51 | $167.67 |
| Phone | $186.48 | $175.64 |
Cherry Creek SnackAbility
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Cost Of Living In Cities Around Cherry Creek
The cost of living varies in the cities and towns around Cherry Creek. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 116, 0.8x Cherry Creek.
Aurora, CO has a cost of living index of 108, 0.8x Cherry Creek.
Centennial, CO has a cost of living index of 126, 0.9x Cherry Creek.
| City | Population | Cost Of Living | Vs. Cherry Creek |
|---|---|---|---|
| Denver, CO | 706,799 | 116 | 0.8x |
| Aurora, CO | 383,496 | 108 | 0.8x |
| Centennial, CO | 107,972 | 126 | 0.9x |
| Englewood, CO | 33,500 | 111 | 0.8x |
| Sherrelwood, CO | 20,069 | 98 | 0.7x |
| Welby, CO | 16,260 | 97 | 0.7x |
| Federal Heights, CO | 14,111 | 80 | 0.6x |
| Berkley, CO | 10,920 | 99 | 0.7x |
| Commerce, GA | 7,213 | 83 | 0.6x |
| Sheridan, CO | 6,090 | 102 | 0.7x |
