Living in Cherry Valley, California
Cost of living, income, home prices, rent and demographics of Cherry Valley · Census data 2020–2024
Cherry Valley has 6,668 residents with a median age of 51.1. The median household income is $76,895 (22% lower than the California median), the median home value is $408,000, the median rent is $1,399/month.
Cherry Valley at a glance
- Population
- 6,668
- Median age
- 51.1State: 37.9
- Median household income
- $76,895State: $99,122
- Median home value
- $408,000State: $734,700
- Median rent
- $1,399/moState: $2,036
- Homeowners
- 83.1%
- Bachelor's degree or higher
- 19.9%
- Average commute
- 36 min
Is Cherry Valley a good place to live?
Pros: Home values 44% lower than the state median.
Cons: Median household income 22% lower than the California median; an average commute of 36 minutes; unemployment of 11.9%; a poverty rate of 13.2%.
The weather is best in April to June and October.
Cost of living in Cherry Valley
Housing is the biggest part of the cost of living. In Cherry Valley the median home value is $408,000, 23% higher than the U.S. median. Renters pay a median of $1,399 per month, which is 41.9% of household income. Homeowners with a mortgage pay $2,066 a month in housing costs.
Cherry Valley median household income
The median household income in Cherry Valley is $76,895 and the income per person is $42,136. 13.2% of residents live below the poverty line (California: 12%).
Housing in Cherry Valley: homes for sale and rent
- Housing units
- 2,690
- Owner-occupied
- 83.1%
- Renter-occupied
- 16.9%
- Vacant
- 8.9%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.67
Cherry Valley demographics
- Population
- 6,668
- Median age
- 51.1
- Under 18
- 17.9%
- 65 and older
- 32.9%
- Households
- 2,451
- Foreign-born
- 10.1%
- Veterans
- 10.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Cherry Valley ›
Education in Cherry Valley
19.9% of adults 25 and older in Cherry Valley have a bachelor's degree or higher (California: 37.1%), and 8.3% have a graduate or professional degree.
Jobs and commute in Cherry Valley
- Unemployment rate
- 11.9%State: 6.6%
- Average commute
- 36 minState: 29 min
- Work from home
- 18.1%
- Drive alone
- 67.5%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 87.6%
Cherry Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cherry Valley | 6,668 | $76,895 | $408,000 | $1,399 |
| Oak Glen | 510 | $85,682 | $880,100 | — |
| Banning | 31,093 | $61,764 | $352,100 | $1,650 |
| Calimesa | 10,902 | $87,181 | $446,300 | $1,783 |
| Yucaipa | 54,421 | $90,794 | $502,100 | $1,711 |
| Beaumont | 56,266 | $107,118 | $503,500 | $1,681 |
| Mentone | 9,514 | $74,708 | $436,700 | $1,472 |
| Cabazon | 1,887 | $48,704 | $270,400 | $1,519 |
| San Jacinto | 55,180 | $80,647 | $433,700 | $1,615 |
More for people moving to Cherry Valley
Cherry Valley ZIP code ›Weather and climate ›Living in Cherry Valley: FAQ
What is the median household income in Cherry Valley, CA?
The median household income in Cherry Valley is $76,895, 22% lower than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cherry Valley?
The median home value in Cherry Valley is $408,000, compared with $734,700 in California.
How much is rent in Cherry Valley?
The median gross rent in Cherry Valley is $1,399 per month, about 41.9% of household income.
Is Cherry Valley, CA a good place to live?
Pluses: home values 44% lower than the state median. Minuses: median household income 22% lower than the California median; an average commute of 36 minutes; unemployment of 11.9%; a poverty rate of 13.2%.
What is the median age in Cherry Valley?
The median age in Cherry Valley is 51.1 years (California: 37.9).
How long is the commute in Cherry Valley?
The average commute to work in Cherry Valley is 36 minutes; 18.1% of workers work from home.
What is the unemployment rate in Cherry Valley?
The unemployment rate in Cherry Valley is 11.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cherry Valley?
19.9% of adults in Cherry Valley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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