Cherry Valley, IL is a small village located in the Rockford metropolitan area with a population of 6,101. The village is ranked #18 out of 126 for Best Places to Live in Winnebago County and #157 out of 1,306 for Best Places to Raise a Family in Illinois. According to BestPlaces’s 2019 Rankings, Cherry Valley is ranked highly due to its excellent housing options, public schools, diversity, and peaceful neighborhoods. The median home value here is $168,400 and residents have an average household income of $56,272. The cost of living index here is slightly above average at 107 compared to other parts of the state. In general, the village offers a great quality of life and plenty of amenities that make it a desirable place to live and raise a family.
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