Cherry Valley, CA Cost Of Living
Cost Of Living In Cherry Valley, CA Summary
Cost of living in Cherry Valley research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cherry Valley is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cherry Valley is 121, with 100 being the average.
The cost of living index in Cherry Valley is 1.2x higher than the national average.
Cherry Valley ranks as the #124 cheapest in California out of 634.
Cherry Valley ranks as the #4,476 cheapest out of 6,489 in the US.
The median home value in Cherry Valley is $392,949.
The median income in Cherry Valley is $78,125.
Table Of Contents
Cherry Valley's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cherry Valley, CA?
According to the most recent data on the cost of living, Cherry Valley has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to California, Cherry Valley has a cost of living index that's 0.9x lower than California's index of 141.
The standard of living in Cherry Valley ranks as #124 most affordable out of the 634 places we measured in California. By definition, that implies Cherry Valley ranks as the #510 most expensive place in the Golden State.
For more reading on life in Cherry Valley, check out:
In California
In America
Cherry Valley Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Cherry Valley. Here is how it fairs on each of the criteria:
The Services index in Cherry Valley is 114.
The Groceries index in Cherry Valley is 111.
The Health index in Cherry Valley is 100.
The Housing index in Cherry Valley is 144.
The Transportation index in Cherry Valley is 122.
The Utilities index in Cherry Valley is 96.
| Living Expense | Cherry Valley | California | National Average | |
|---|---|---|---|---|
| Overall | 121 | 141 | 100 | |
| Services | 114 | 110 | 100 | |
| Groceries | 111 | 112 | 100 | |
| Health | 100 | 110 | 100 | |
| Housing | 144 | 195 | 100 | |
| Transportation | 122 | 125 | 100 | |
| Utilities | 96 | 128 | 100 | |
Cherry Valley, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Cherry Valley is $392,949.
The Median Rent in Cherry Valley is $1,380.
The Median Income in Cherry Valley is $78,125.
The Home Value To Income in Cherry Valley is 5.0x.
The Rent To Monthly Income in Cherry Valley is 0.21x.
| Statistic | Cherry Valley | California | United States |
|---|---|---|---|
| Median Home Value | $392,949 | $763,287 | $303,400 |
| Median Rent | $1,380 | $1,956 | $1,348 |
| Median Income | $78,125 | $96,334 | $78,538 |
| Home Value To Income | 5.0x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Cherry Valley, CA Costs By Category
Detailed Cherry Valley Services Costs Vs. California
| Item | Cherry Valley | California |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $11.04 | $12.13 |
| Bowling | $21.11 | $18 |
| Haircut | $27.27 | $24.26 |
| Beauty Salon | $41.78 | $45.56 |
Detailed Cherry Valley Groceries Costs Vs. California
| Item | Cherry Valley | California |
|---|---|---|
| Ground Beef | $5.89 | $5.84 |
| Fried Chicken | $3.49 | $1.57 |
| Milk | $4.92 | $4.67 |
| Potatoes | $4.92 | $4.93 |
| Pizza | $15.31 | $12.09 |
| Beer | $10.26 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Cherry Valley Health Costs Vs. California
| Item | Cherry Valley | California |
|---|---|---|
| Optometrist | $112.92 | $125.68 |
| Doctor | $95.5 | $135.78 |
| Dentist | $117.28 | $113.29 |
Detailed Cherry Valley Transportation Costs Vs. California
| Item | Cherry Valley | California |
|---|---|---|
| Gasoline | $4.75 | $3.46 |
| Tire Balancing | $61.38 | $59.92 |
Detailed Cherry Valley Utilities Costs Vs. California
| Item | Cherry Valley | California |
|---|---|---|
| All Electricity | $378.97 | $193.99 |
| Phone | $180.31 | $192.25 |
Cherry Valley SnackAbility
/10
Cost Of Living In Cities Around Cherry Valley
The cost of living varies in the cities and towns around Cherry Valley. Here's a quick look at the cost of living in the most populous nearby places:
Moreno Valley, CA has a cost of living index of 132, 1.1x Cherry Valley.
Redlands, CA has a cost of living index of 141, 1.2x Cherry Valley.
Highland, CA has a cost of living index of 128, 1.1x Cherry Valley.
| City | Population | Cost Of Living | Vs. Cherry Valley |
|---|---|---|---|
| Moreno Valley, CA | 210,378 | 132 | 1.1x |
| Redlands, CA | 72,985 | 141 | 1.2x |
| Highland, CA | 56,690 | 128 | 1.1x |
| Beaumont, CA | 54,817 | 130 | 1.1x |
| San Jacinto, CA | 54,756 | 121 | 1.0x |
| Yucaipa, CA | 54,348 | 129 | 1.1x |
| Banning, CA | 30,680 | 115 | 1.0x |
| Loma Linda, CA | 25,021 | 136 | 1.1x |
| East Hemet, CA | 20,292 | 120 | 1.0x |
| Grand Terrace, CA | 13,069 | 129 | 1.1x |
