salaryRent is lower than in 59% of U.S. cities. A typical house costs about 4.9 years of household income. Commutes are long, about 36.2 minutes each way. Most homes (83.1%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $59,320 a year. That is $29 an hour at a full-time job.
Is rent cheaper than other California cities?
Yes. Rent here is cheaper than in most of California. It is number 79 of 653 cities from cheapest to most expensive.
How much do households earn in Cherry Valley?
Share of households by yearly income. 30.1% of households earn $100,000 or more.
Rent by apartment size in Cherry Valley
| Size | Cherry Valley | U.S. average |
|---|---|---|
| 1 bedroom | $1,393 | $1,324 |
| 2 bedrooms | $1,245 | $1,509 |
| 3 bedrooms | $1,960 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cherry Valley overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cherry Valley, so the California figure is shown.
Taxes and bills in Cherry Valley
Life in Cherry Valley
Is it cheaper to rent or buy in Cherry Valley?
Renting is cheaper right now: about $1,348 a month less.
Owning assumes a typical $408,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,800 for the down payment.
Frequently asked questions
What is the average rent in Cherry Valley, CA?
Renting in Cherry Valley costs a median of about $1,483 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Cherry Valley?
To keep rent under 30% of income, you need about $59,320 a year, or $29 an hour at a full-time job.
Is Cherry Valley cheap or expensive?
Cherry Valley is rated OK: rent takes 21.5% of the typical household income of $82,931. It ranks 79th cheapest of 653 California cities we track.
How much are property taxes in Cherry Valley?
The median homeowner in Cherry Valley pays $2,917 a year in property taxes, about 0.71% of the median home value.
Is Cherry Valley more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Cherry Valley?
The median home value in Cherry Valley is $408,000, about 4.9 times the typical yearly household income.
6,668 people live in Cherry Valley. Numbers are typical (middle) values.