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.

2,182
Population
39.9
Median Age
30
Diversity Index

Population Demographics

As of 2024 the population of Cherryvale is 2,182. The population is expected to shrink to 2,165 by 2029 - a growth rate of -0.16%.

The median age of Cherryvale residents is 40.

The diversity index of Cherryvale is 30.4, meaning that there is a 30% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.

$59,573
Average Household Income
$49,446
Average Disposable Income
1,082
Housing Units
$111,136
Average Home Value

Housing and Income

The average household income in Cherryvale is $59,573 and projected to be $69,713 in 2029. Per capita income is $24,544, projected to be $29,425 in 2029. 0.32% of households – 7 – have an income of $200,000 or higher. Average net worth is $381,352 and the average disposable income is $49,446.

There are 1,082 housing units in Cherryvale; 660 are owner-occupied, 238 are rented, and 184 are vacant. The average home value is $111,136, with 19 homes built in 2010 or later, and 407 built in 1939 or earlier.

622
Workforce
40.00%
Unemployment Rate
30
Veteran Population
184
Bachelor's Degree or Higher

Business and Workforce

There are 105 businesses in Cherryvale, employing 1,007 workers and pulling from a labor force of 874 age 16 and above. 236 workers commute into Cherryvale from outside the county or state. Key industries for the area include:

622 residents both live and work in/around Cherryvale. The average travel time is 0.0 minutes. 11.58% people have a commute of less than 5 minutes while 3.22% commute 90 minutes or more each way. Of commuters, 764 drive alone, 106 carpool, and 0 take public transportation. 4 use other modes of transport such as motorcycle, bicycle, walking, etc. 0 residents work from home.

577 members of the workforce hold a high school diploma or GED. 114 have associates degrees, 155 have bachelor’s degrees, and 29 hold a graduate or professional degree.