Cherry Creek, NY Cost of Living


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Cherry Creek cost of living score
75.5
Less expensive
24.5% lower
than the US average
37.9% lower
than the New York average
Cherry Creek, New York gets a BestPlaces Cost of Living score of 75.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.5% lower than the U.S. average and 37.9% lower than the average for New York.

Cherry Creek, NY

Housing costs in Cherry Creek?
A typical home costs $140,700, which is 58.4% less expensive than the national average of $338,100 and 66.0% less expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Cherry Creek costs $850 per month, which is 40.6% more than the national average of $1,430 and 130.6% more than the state average of $1,960.

Can I afford Cherry Creek?
To live comfortably in Cherry Creek, New York, a minimum annual income of $27,000 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Cherry Creek?
The cost of living in Cherry Creek, NY is quite high compared to many other areas. The median home cost is around $130,000 and the median rent for a two-bedroom apartment is over $1200 per month. Eating out can also be expensive, with meals ranging from casual pub food to fine dining costing anywhere from $15-$50 per person. Property taxes are also quite high in Cherry Creek, with an average tax rate of about 9%. Furthermore, utility and transportation costs can add up quickly due to the fact that many services are provided by private companies as opposed to public entities. All in all, while living in Cherry Creek may offer certain benefits such as access to excellent schools and recreation facilities, the cost of living can be prohibitive for many potential residents.
   Cost of living score
     CategoriesCherry CreekNew YorkUnited States
  75.5121.5100.0
  96.2103.8100
  104.6120.7100.0
  34.5127.9100.0
  $140,700$413,600$338,100
  99.1%115.9%100.0%
  71.7140.7100.0
  107.3121.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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