Cost of Living in Cherry Creek
Denver's luxury corridor — world-class retail, dining, and tree-lined streets
Housing
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
Taxes
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%
Utilities
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
Income & Cost Context
- Median Household Income
- $148K–$152K
- Cost of Living Index
- 128 (Denver city-wide — 28% above national average per BestPlaces)
Common Questions
FAQ — 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.