salaryRent is higher than in 80% of U.S. cities. Household incomes are higher than in 93% of U.S. cities. A typical house costs about 5.4 years of household income. Most homes (79.8%) are owned, so rentals can be hard to find. It is a highly educated city: 76.1% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $92,880 a year. That is $45 an hour at a full-time job.
Is rent cheaper than other Colorado cities?
No. Rent here is more expensive than in most of Colorado. It is number 84 of 112 cities from cheapest to most expensive.
How much do households earn in Cherry Creek?
Share of households by yearly income. 57.0% of households earn $100,000 or more.
Rent by apartment size in Cherry Creek
| Size | Cherry Creek | U.S. average |
|---|---|---|
| Studio | $2,598 | $1,338 |
| 1 bedroom | $2,069 | $1,324 |
| 2 bedrooms | $2,139 | $1,509 |
| 3 bedrooms | $2,149 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cherry Creek overall?
Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cherry Creek, so the Colorado figure is shown.
Taxes and bills in Cherry Creek
Life in Cherry Creek
Is it cheaper to rent or buy in Cherry Creek?
Renting is cheaper right now: about $3,846 a month less.
Owning assumes a typical $888,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $88,890 for the down payment.
Frequently asked questions
What is the average rent in Cherry Creek, CO?
Renting in Cherry Creek costs a median of about $2,322 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Cherry Creek?
To keep rent under 30% of income, you need about $92,880 a year, or $45 an hour at a full-time job.
Is Cherry Creek cheap or expensive?
Cherry Creek is rated Cheap: rent takes 16.8% of the typical household income of $165,847. It ranks 84th cheapest of 112 Colorado cities we track.
How much are property taxes in Cherry Creek?
The median homeowner in Cherry Creek pays $4,699 a year in property taxes, about 0.53% of the median home value.
Is Cherry Creek more expensive than the national average?
Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Cherry Creek?
The median home value in Cherry Creek is $888,900, about 5.4 times the typical yearly household income.
10,721 people live in Cherry Creek. Numbers are typical (middle) values.