Cherryvale Profile

Cherryvale

cherryvaleCherryvale is a vibrant community, rich in history, known for its quiet neighborhoods and is bustling in community pride.  Cherryvale has targeted industries in injection molding and fiberglass manufacturing. 

Once a booming railroad tourism destination, the communitiy prides itself on its continued support of railway development and transportation through the continued growth of Watco Railroad, one of the largest shortline rail companies in the United States.  From the Cherryvale Industrial Park via rail, a company can import and export products from around the world at a dramatically reduced price than you might find in other communities due to this excellent partnership.

The Cherryvale Industrial Park is ripe for development for any large manufacturer.  The city has established incentive plans for new businesses and is willing and able to help your business grow in Cherryvale.

2,161
Population
40.7
Median Age
31
Diversity Index

Population Demographics

As of 2025 the population of Cherryvale is 2,161. The population is expected to shrink to 2,117 by 2030 - a growth rate of -0.41%.

The median age of Cherryvale residents is 41.

The diversity index of Cherryvale is 31.1, meaning that there is a 31% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.

$56,367
Average Household Income
$44,718
Average Disposable Income
1,074
Housing Units
$147,863
Average Home Value

Housing and Income

The average household income in Cherryvale is $56,367 and projected to be $61,251 in 2030. Per capita income is $23,560, projected to be $25,957 in 2030. 0.79% of households – 17 – have an income of $200,000 or higher. Average net worth is $327,845 and the average disposable income is $44,718.

There are 1,074 housing units in Cherryvale; 654 are owner-occupied, 248 are rented, and 172 are vacant. The average home value is $147,863, with 8 homes built in 2010 or later, and 382 built in 1939 or earlier.

643
Workforce
5.00%
Unemployment Rate
46
Veteran Population
194
Bachelor's Degree or Higher

Business and Workforce

There are 102 businesses in Cherryvale, employing 961 workers and pulling from a labor force of 929 age 16 and above. 254 workers commute into Cherryvale from outside the county or state. Key industries for the area include:

643 residents both live and work in/around Cherryvale. The average travel time is 0.0 minutes. 10.73% people have a commute of less than 5 minutes while 3.11% commute 90 minutes or more each way. Of commuters, 821 drive alone, 91 carpool, and 0 take public transportation. 2 use other modes of transport such as motorcycle, bicycle, walking, etc. 15 residents work from home.

580 members of the workforce hold a high school diploma or GED. 118 have associates degrees, 168 have bachelor’s degrees, and 26 hold a graduate or professional degree.