and over, there were 94.0 males. The median income for a household in the village was $68,397, and the median income for a family was $79,750. Males had a median income of $47,663 versus $40,228 for females. The per capita income for the village was $35,460. About 3.4% of families and 6.6% of the population were below the poverty line, including none of those under age 18 and 10.7% of those age 65 or over. Cherry Valley has the highest income and education levels of any community within the Rockford metropolitan area. Development and growth Key to the village economy is million square foot CherryVale Mall, one of the first enclosed shopping malls in Illinois. CherryVale, which draws shoppers from a radius of over , produces the greatest single source of revenue for the village, in the form of a 1% sales tax that is levied and collected by the State of Illinois and then distributed to the community. Because of this sales tax, Cherry Valley is one of only a handful of communities within Illinois that does not levy a municipal property tax. Another notable commercial enterprise in Cherry Valley is the Kegel Motorcycle Company, which has a strong claim to being the world's oldest Harley-Davidson dealership. The town is home to Six Flags Hurricane Harbor Rockford, formerly Magic Waters, which is owned by Rockford Park District and is managed by Six Flags starting 2018. Notable people Virgil Abloh is a DJ and fashion designer, with notable brands Off-White and Pyrex Vision. On March 26, 2018, he was named artistic director for men's wear at Louis Vuitton. John Baumgarten. Businessman, Illinois state representative. He served as mayor of Cherry Valley in 1945. Baumgarten died at Swedish American Hospital in Rockford, Illinois Mo Pitney (born 1993), country music artist References External links Cherry Valley, Illinois, official website Cherry Valley Historical Society Villages in Illinois Villages in Winnebago County, Illinois Villages in Boone County, Illinois Rockford metropolitan area, Illinois Populated places established in 1835 1835 establishments in Illinois