Cherry Valley village, Illinois Demographics & Population 2026

Population Overview

Cherry Valley village is a small community located in Illinois. The total population is 3,268. It ranks as the 412th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Cherry Valley village is 45.2 years. This is 16% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Cherry Valley village is $74,766. This is 8% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 5% lower. The poverty rate stands at 7.1%. This is 40% lower than the state poverty rate of 11.7%. The unemployment rate is 5.1%. This is 12% lower than the state rate of 5.8%. The median home value is $222,400. Housing costs are 11% lower than the state median of $250,500. The home-value-to-income ratio is 3.0x. 81.6% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Cherry Valley village is White (non-Hispanic), making up 63.2% of the population. Hispanic or Latino residents account for 16.7%. The Asian population (1.3%) is well below the state average of 5.8%.

Education

30.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 17% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.4%.

Data Sources & Methodology

All demographic data for Cherry Valley village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.