Housing costs in Cherry Hills Village?
A typical home costs
$2,706,800, which is 700.6% more expensive than the national average of
$338,100 and 413.4% more expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Cherry Hills Village costs
$1,770 per month, which is 23.8% more than the national average of
$1,430 and 6.8% more than the state average of
$1,650.
Can I afford Cherry Hills Village?
To live comfortably in Cherry Hills Village, Colorado, a minimum annual income of
$518,760 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Cherry Hills Village?
Cherry Hills Village, CO is known as a wealthy area, and the cost of living reflects that. The median home value is over $1 million, considerably higher than the state average of $373,700. Property taxes are also quite high in Cherry Hills Village at 1.42%, compared to 0.66% statewide. Despite higher than average expenses for housing and other necessities such as food and transportation, the cost of living in Cherry Hills Village remains quite low when compared to other affluent areas of the country due to its small size and low population density. Overall, it may not be the cheapest place to live, but its quality of life and amenities make it well worth the expenses involved with living in this beautiful community.