Living in Cherry Valley, New York
Cost of living, income, home prices, rent and demographics of Cherry Valley · Census data 2020–2024
Cherry Valley has 482 residents with a median age of 39.2. The median household income is $96,458 (12% higher than the New York median), the median home value is $162,200, the median rent is $763/month.
Cherry Valley is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cherry Valley at a glance
- Population
- 482
- Median age
- 39.2State: 39.8
- Median household income
- $96,458State: $85,974
- Median home value
- $162,200State: $423,800
- Median rent
- $763/moState: $1,621
- Homeowners
- 94.3%
- Bachelor's degree or higher
- 42.1%
- Average commute
- 21 min
Is Cherry Valley a good place to live?
Pros: Median household income 12% higher than the New York median; home values 62% lower than the state median; an average commute of 21 minutes; unemployment of 5%; a poverty rate of 5.8%.
The weather is best in June to September.
Cost of living in Cherry Valley
Housing is the biggest part of the cost of living. In Cherry Valley the median home value is $162,200, 51% lower than the U.S. median. Renters pay a median of $763 per month, which is 18.1% of household income. Homeowners with a mortgage pay $1,768 a month in housing costs.
Cherry Valley median household income
The median household income in Cherry Valley is $96,458 and the income per person is $35,619. 5.8% of residents live below the poverty line (New York: 14%).
Housing in Cherry Valley: homes for sale and rent
- Housing units
- 270
- Owner-occupied
- 94.3%
- Renter-occupied
- 5.7%
- Vacant
- 41.1%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.00
41.1% of homes are vacant most of the year, a sign that Cherry Valley has many vacation and second homes.
Cherry Valley demographics
- Population
- 482
- Median age
- 39.2
- Under 18
- 19.7%
- 65 and older
- 19.7%
- Households
- 159
- Foreign-born
- 2.1%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Cherry Valley ›
Education in Cherry Valley
42.1% of adults 25 and older in Cherry Valley have a bachelor's degree or higher (New York: 40.2%), and 14.2% have a graduate or professional degree.
Jobs and commute in Cherry Valley
- Unemployment rate
- 5%State: 6.4%
- Average commute
- 21 minState: 33 min
- Work from home
- 4.5%
- Drive alone
- 70%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 93.7%
Cherry Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cherry Valley | 482 | $96,458 | $162,200 | $763 |
| Springfield Center | 244 | $51,667 | — | — |
| Sharon Springs | 634 | $55,000 | $121,800 | $1,250 |
| Westford | 101 | $51,719 | $95,300 | $646 |
| Fort Plain | 2,290 | $34,738 | $80,900 | $709 |
| Cooperstown | 2,220 | $76,000 | $380,900 | $1,223 |
| Canajoharie | 1,839 | $80,139 | $125,800 | $870 |
| Nelliston | 707 | $39,219 | $74,200 | $628 |
| Palatine Bridge | 727 | $80,625 | $155,900 | $460 |
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, NY?
The median household income in Cherry Valley is $96,458, 12% higher than the New York median of $85,974 (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 $162,200, compared with $423,800 in New York.
How much is rent in Cherry Valley?
The median gross rent in Cherry Valley is $763 per month, about 18.1% of household income.
Is Cherry Valley, NY a good place to live?
Pluses: median household income 12% higher than the New York median; home values 62% lower than the state median; an average commute of 21 minutes; unemployment of 5%; a poverty rate of 5.8%.
What is the median age in Cherry Valley?
The median age in Cherry Valley is 39.2 years (New York: 39.8).
How long is the commute in Cherry Valley?
The average commute to work in Cherry Valley is 21 minutes; 4.5% of workers work from home.
What is the unemployment rate in Cherry Valley?
The unemployment rate in Cherry Valley is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cherry Valley?
42.1% 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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