Cheraw is located in southeast Colorado. Cheraw is part of Otero County. Cheraw has 0.16 square miles of land area and has no water area. As of 2010-2014, the total Cheraw population is 202, which has shrunk 4.27% since 2000. The population growth rate is much lower than the state average rate of 20.84% and is much lower than the national average rate of 11.61%. Cheraw median household income is $42,857 in 2010-2014 and has grown by 101.68% since 2000. The income growth rate is much higher than the state average rate of 25.94% and is much higher than the national average rate of 27.36%. Cheraw median house value is $85,600 in 2010-2014 and has grown by 48.35% since 2000. The house value growth rate is higher than the state average rate of 43.70% and is about the same as the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Cheraw is better than the state average in quality. The Cheraw area code is 719.