Cherry Creek, CO is a popular residential area in the Denver metropolitan area for its vibrant lifestyle and sense of community. With an average 2 bedroom rent of $2,390 compared to the US rate of $1,430, it's clear that Cherry Creek is an expensive place to live. This is further highlighted by its Grocery Cost Index of 106 versus the US average of 100. Despite this, Cherry Creek has many perks that make it worth considering as a place to call home. Residents can enjoy shopping at local stores like Whole Foods Market and Nordstrom Rack or dining at restaurants like The Cheesecake Factory and The Cherry Cricket. With plenty of recreational activities nearby such as golfing, biking, hiking, and more, there's something for everyone in Cherry Creek.
Cherry Creek has an unemployment rate of 6.9%. The US average is 6.0%.
Cherry Creek has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 43.5%, which is higher than the US average of 33.5%.
Tax Rates for Cherry Creek
- The Sales Tax Rate for Cherry Creek is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cherry Creek is 4.6%. 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 $45,826 a year. The US average is $28,555 a year.
- The Median household income of a Cherry Creek resident is $125,634 a year. The US average is $69,021 a year.