Cherry Hills Village, CO is a vibrant suburban Colorado town located south of Denver. This picturesque community has numerous shopping and dining options, as well as plenty of recreational activities to enjoy. The cost of living here is higher than the national average, with 2 bedroom rental prices at $1,770 compared to $1,430 nationally. Additionally, grocery costs are slightly higher than average at 103 in comparison to 100 in the US. Notable businesses in Cherry Hills Village include Starbucks Coffee, King Soopers grocery store and specialty boutique stores such as A Line Boutique and Village Groomer & Boutique. There are also several corporate offices located here including Arizona Chemical Company and Wells Fargo Home Mortgage. Cherry Hills Village is an ideal place to live for those seeking a small-town atmosphere with access to urban amenities.
Cherry Hills Village has an unemployment rate of 6.9%. The US average is 6.0%.
Cherry Hills Village has seen the job market decrease by -4.9% 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 Hills Village
- The Sales Tax Rate for Cherry Hills Village is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cherry Hills Village 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 Hills Village
- The average income of a Cherry Hills Village resident is $159,642 a year. The US average is $37,638 a year.
- The Median household income of a Cherry Hills Village resident is $250,001 a year. The US average is $69,021 a year.