Cherry Creek, NY Profile: Facts & Data

The Village of Cherry Creek (historical) had a population of 403 as of July 1, 2024. Cherry Creek ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Cherry Creek is located at latitude 42.2945 and longitude -79.0998 in Chautauqua County. The formal boundaries for the Village of Cherry Creek (historical) encompass a land area of 1.36 sq. miles and a water area of 0 sq. miles. Chautauqua County is in the Eastern time zone (GMT -5).

The Village of Cherry Creek (historical) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Cherry Creek, NY Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	403 (100%)
Population in Households	385 (95.5%)
Population in Families	318 (78.9%)
Population in Group Quarters¹	18 ( 4.5%)
Population Density	296
Diversity Index²	17


INCOME
Median Household Income	$60,293
Average Household Income	$78,213
% of Income for Mortgage⁴	17%
Per Capita Income	$31,319
Wealth Index⁵	67
Socioeconomic Status Index⁶	Moderate (50.9)

HOUSING
Total HU (Housing Units)	182 (100%)
Owner Occupied HU	131 (72.0%)
Renter Occupied HU	30 (16.5%)
Vacant Housing Units	21 (11.5%)
Median Home Value	$166,304
Average Home Value	$171,374
Housing Affordability Index³	121

HOUSEHOLDS
Total Households	161
Average Household Size	2.39
Family Households	111
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Cherry Creek, NY - Peer Comparisons by Rank and Percentile

The table below compares Cherry Creek to the other 1,292 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.35%	-0.50%
Households	-0.86%	0.00%
Families		0.89%
Median Household Income		2.54%
Per Capita Income		4.67%
Owner Occupied HU		-0.15%

Variable Description	Rank	Percentile
Total Population	# 1115	14th
Population Density	# 1131	13th
Median Household Income	# 1011	22nd
Housing Affordability Index	# 926	72nd
Per Capita Income	# 1119	13th
Diversity Index	# 1115	13th

Cherry Creek, NY Profile: Facts & Data

Cherry Creek, New York - Basic Facts

Cherry Creek, NY Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cherry Creek, NY - Peer Comparisons by Rank and Percentile

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