Cherry Valley, NY

Full City Profile · New York · Montgomery County County

4.5 /5.0
A+ Excellent
543 Population 1,065/sq mi density
$85,833 Median Income $33,695 per capita
$174,600 Home Value $214,529 Zillow
$725 Median Rent 34.2% income on rent
45°F Avg Temperature
A+
Overall
4.5 / 5.0
Strong
A
Economy
4.1 / 5.0
$85,833 median income, 4.9% unemployment
A+
Affordability
5.0 / 5.0
$174,600 home value, $725/mo rent
A+
Education
4.5 / 5.0
43.9% bachelor's degree or higher

Cherry Valley, NY

At a Glance

Median Income
$85,833
14% above
$33,695 per capita
Home Value
$174,600
38% below
Zillow: $214,529
Median Rent
$725/mo
38% below
34.2% of income on rent
Bachelor's Degree+
43.9%
30% above
95.0% high school+
Unemployment
4.9%
36% above
8.2% poverty rate
Obesity Rate
31.7%
1% below
13.9% smoking rate
Avg Temperature
45°F

How Cherry Valley Compares to the U.S. Average

Each bar shows Cherry Valley's value as a percentage of the national average (100% = U.S. avg)

Income
114%
Home Value
62%
Rent
62%
Poverty
66%
Bachelor's
130%
Unemployment
136%
Thin vertical line = U.S. national average (100%)

Is Cherry Valley a Good Place to Live?

A+
4.5 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Cherry Valley residents earn a median household income of $85,833 , which is 14% above the national average of $75,149. Per capita income is $33,695. The unemployment rate stands at 4.9% (36% above the U.S. rate of 3.6%). 8.2% of residents live below the poverty line. The area is home to 1,248 business establishments, including 104 restaurants.

Housing & Cost of Living

The median home value in Cherry Valley is $174,600 , 38% below the national median of $281,900. Zillow estimates the typical home at $214,529. Median rent is $725/month, with 34.2% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1938.

Education

43.9% of adults in Cherry Valley hold a bachelor's degree or higher (30% above the national average). 95.0% have completed high school. Local schools score 4.5/10 in standardized testing.

Climate & Weather

Cherry Valley has an average annual temperature of 45°F (7°C). Winters average 21°F in January while summers reach 68°F in July. Annual precipitation totals 47.6 inches.

Data Overview

People

Population543
Median Age37.3 yrs
Density1,065/mi²
Male / Female54% / 46%
Foreign Born2.8%
Veterans4.8%

Economy

A
Median Income$85,833
Per Capita$33,695
Unemployment4.9%
Poverty8.2%
County GDP$2,632M
Avg Weekly Wage$1,034

Housing

A+
Home Value$174,600
Rent$725
Ownership88.1%
Zillow$214,529
Housing Units253
Rent Burden34.2%

Health

Obesity31.7%
Diabetes8.7%
Smoking13.9%
Heart Disease5.3%
Premature Death9,219/100K

Climate

Avg Temp45°F
Rain47.6 in/yr
Elevation1,350 ft

Education

A+
Bachelor's+43.9%
High School+95.0%
Graduate+12.3%
School Score4.5/10

Community

2024 VoteR 64% / D 36%
Commute22 min
Broadband96.3%
Internet Speed141 Mbps
EV Stations1
Libraries6

Did You Know?

The median home in Cherry Valley was built in 1938.
The nearest airport is Albert S Nader Regional (25 miles).
The Gini coefficient (income inequality) is 0.435 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
11.8% of the population has a disability.
Average internet download speed is 141 Mbps.
There are 104 restaurants in the area.
The county recorded 5 fatal vehicle crashes.