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Demographics
Population
Median Income
Racial Distributions
Cherry Creek, a neighborhood in Denver, Colorado, is classified as a Low Diversity community with a White Majority. In 2022, 81% of its population identified as white. The area has a median income of $118,771 in 2022, which is above the national average. Cherry Creek is known for its upscale shopping district and high-end residential areas.
Over the past decade, Cherry Creek has maintained its status as a Low Diversity community with a White Majority. The percentage of white residents has decreased from 91% in 2013 to 81% in 2022, indicating a slow trend towards increased diversity. The Hispanic population has remained stable at approximately 6%, while there have been increases in Asian (from 3% to 5%), Black (from 0% to 3%), and multi-racial (from 0% to 5%) populations.
Cherry Creek's economic profile has remained affluent, but with fluctuations. The median income peaked at $138,873 in 2017 but declined to $118,771 in 2022, a 14.5% decrease. The population grew from 4,684 in 2010 to 7,048 in 2017, followed by a decline to 6,097 in 2022. The slight increase in diversity coincides with a modest decrease in median income.
Cherry Creek's demographics and economic trends can be contextualized within broader patterns. Many urban areas across the U.S. have experienced gentrification, leading to increased property values and displacement of lower-income residents. Cherry Creek's high median income suggests it may have already undergone such processes.
The gradual increase in diversity in Cherry Creek aligns with national trends of increasing diversity in urban areas, though at a slower pace than many other neighborhoods. The high median income in Cherry Creek, even with recent decreases, contrasts with many other urban neighborhoods, reflecting broader issues of income inequality in American cities.
The decline in population and income since 2020 may be partly attributed to the COVID-19 pandemic, which has affected urban demographics and economies nationwide. While Cherry Creek remains a predominantly white, affluent neighborhood, subtle shifts towards increased diversity and recent economic fluctuations suggest the area may be entering a period of gradual transition. These changes reflect broader urban trends of diversification and economic realignment, potentially signaling future shifts in the neighborhood's character and composition.