Cost of Living in Cherry Creek
Denver's luxury corridor, world-class retail, dining, and tree-lined streets
What it costs to live in Cherry Creek
Adjust the sliders for your situation. Ranges reflect uncertainty in HOA and metro district fees, narrower is more confident.
Based on your inputs below
Assumes 20% down, 30-year fixed at 6.5% (as of 2026-04-22).
Housing$7,779 – $8,379 | |
|---|---|
| Mortgage (6.5%, 20% down) | $6,826 |
| Property tax | $595 |
| HOA | $0 – $400 |
| Insurance | $358 |
| Metro district fees | not yet verified |
Transportation$514 | |
|---|---|
| Car payments (your input) | $500 |
| Gas (~5 min to downtown) | $14 |
Utilities$340 | |
|---|---|
| Electric & gas (Xcel Energy) | $205 |
| Water (Denver Water) | $65 |
| Internet | $70 |
Groceries$650 | |
|---|---|
| Monthly estimate | $650 |
Housing figures updated April 2026. Confidence: low.
Very Walkable
Housing Market
- Median Home Price
- $1.1M–$1.6M
- Price per Sq Ft
- ~$406–$428/sqft
- Data Year
- 2025–2026
- Year-over-Year Change
- -1.6% (Zillow) to +3.3% (Redfin), conflicting signals
- Avg Days on Market
- 19–26 days (still competitive)
- Rent vs Own Ratio
- 23% renter / 77% owner
Tax Rates
- Property Tax Rate
- ~0.50% effective (Denver avg); ~79.2 mills
- Sales Tax Rate
- 9.15% combined (state + Denver local, eff. Jan 2025)
- State Income Tax Impact
- Colorado flat 4.4%
Monthly Costs
- Water Provider
- Denver Water
- Electric & Gas
- Xcel Energy
- Internet Providers
- Xfinity, CenturyLink/Quantum Fiber, Google Fiber
- Trash & Recycling
- Denver Solid Waste Management
Income & Cost Context
- Median Household Income
- $148K–$152K
- Cost of Living Index
- 128 (Denver city-wide, 28% above national average per BestPlaces)
Common QuestionsFAQ, Cherry Creek
What is the median home price in Cherry Creek?
Median home prices in Cherry Creek range from $1.1M to $1.6M, with Zillow at ~$1.09M and Redfin at ~$1.6M as of 2025–2026. The wide range reflects the condo-versus-single-family mix. Price per square foot runs ~$406–$428, and homes average 19–26 days on market.
What is the cost of living in Cherry Creek?
Denver’s cost of living index is 128, or 28% above the national average per BestPlaces. Property taxes are ~0.50% effective (~79.2 mills), combined sales tax is 9.15%, and Colorado’s flat state income tax is 4.4%. Median household income in Cherry Creek ranges from $148K to $152K.
Estimates for informational purposes only, not financial advice. Actual costs vary by specific property, subdivision, and household.