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==Economy== {{Unreferenced section|date=October 2020}} Once a booming railroad town and [[county seat]], Cheney is a [[Commuter town|bedroom community]] to the city of [[Spokane, Washington|Spokane]]. Many people who live in Cheney work and shop in Spokane, while over half of the student population at [[Eastern Washington University]] commutes to classes in Cheney daily. Cheney has its distinctive economic characteristics, but its fortunes and growth are tightly linked to the greater economy of the [[Inland Northwest (United States)|Inland Northwest]]. Eastern Washington University is the single largest employer in Cheney, followed by the [[Cheney School District]] and city government. In the private sector, healthcare dominates the employment base, followed closely by farming and agriculture with the principal crops being dryland grain crops like wheat, barley, and peas along with a substantial amount of hay production. [[File:Grain elevators, Cheney, WA. (1666871549).jpg|thumb|Grain elevators that are prominent in the Cheney skyline]] With Cheney located just {{convert|15|mi|km}} southwest of Spokane, the city has seen some significant growth since the mid and late 1990s, which continues today as the Spokane area continues growing. Much of the growth and development has taken place in the northern part of the city, where [[Interstate 90 (Washington)|Interstate 90]] enters Cheney. I-90 is the main thoroughfare between Cheney and Spokane. Over the years, this area has seen the development of several new businesses and restaurants, including a new shopping center with a supermarket, restaurants and a [[credit union]]. The city has seen residential growth with the addition of several apartments and housing subdivisions. The city hopes to help attract more businesses and high-tech industries by installing a [[Optical fiber|fiber-optic]] network that will eventually connect to all businesses in the city as well as developing a technology business park [https://web.archive.org/web/20070318001004/http://www.cityofcheney.org/site/business]. The city has recently started renovating its historic downtown and has connected downtown to the university with a pedestrian-only walkway that stretches the few blocks between the two. Eastern Washington University is the fastest-growing university in the state of Washington and has seen several new buildings built or renovated on campus, upgrades to and beautification of the campus, a new residential hall built, and a renovation of the football stadium. ===Cost of living=== The following cost of living indices are based on a US average of 100. A component amount below 100 means Cheney has a lower cost than the US average. A component amount above 100 means Cheney has a higher cost. Overall, Cheney's cost of living index is 94.07. {| class="wikitable" |- ! Cost of living component ! Cheney ! United States average |- | Overall | 94 | 100 |- | Food | 105 | 100 |- | Utilities | 75 | 100 |- | Miscellaneous | 106 | 100 |} The median home cost in Cheney is approximately $202,400.<ref>{{Cite web|url=https://www.zillow.com/cheney-wa/home-values/|title=Zillow Median Home Values|date=April 17, 2016|website=www.zillow.com}}</ref>
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