Cherry Creek, NY is a great place to call home. It is a small town with a population of under 10,000 people that offers a quiet atmosphere. Rent for two bedroom apartments in Cherry Creek is about $850 per month, which is significantly lower than the national average of $1,430. Food costs are also cheaper here than in the rest of the US with an index rating of 96 compared to 100 nationwide. There are lots of local businesses and attractions for residents to enjoy such as the Renquist Winery, Double S Farms, and Bialecki’s Farm Market. There are also plenty of outdoor activities like hiking at Rock Point Park or fishing at Gage Lake. Additionally, Cherry Creek is home to popular restaurants like Mudds Grill and The Elegant Bulldog Cafe.
Cherry Creek has an unemployment rate of 7.4%. The US average is 6.0%.
Cherry Creek has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Cherry Creek
- The Sales Tax Rate for Cherry Creek is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cherry Creek is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cherry Creek
- The average income of a Cherry Creek resident is $22,046 a year. The US average is $28,555 a year.
- The Median household income of a Cherry Creek resident is $53,516 a year. The US average is $69,021 a year.