Cherry Creek, NY vs Fair Haven, NY

Cherry Creek, NY and Fair Haven, NY have a very similar cost of living, with only a 2% difference in their overall index. Cherry Creek scores 65 while Fair Haven scores 64 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cherry Creek is $775/month compared to $476/month in Fair Haven — a 63% difference. Interestingly, home values tell a different story: while Fair Haven has cheaper rent, Cherry Creek actually has lower median home values ($67,000 vs $184,100).

Median household income in Cherry Creek is $68,309 compared to $60,694 in Fair Haven (+12.5%). While Cherry Creek is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cherry Creek spend roughly 13.6% of their income on rent, more than the 9.4% in Fair Haven.

Climate-wise, both cities share similar average temperatures (48.8°F vs 47.3°F). Fair Haven receives more rainfall at 39.6" per year compared to 33" in Cherry Creek.