Housing costs in Berea?
A typical home costs
$195,900, which is 42.1% less expensive than the national average of
$338,100 and 0.8% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Berea costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$920.
Can I afford Berea?
To live comfortably in Berea, Kentucky, a minimum annual income of
$37,440 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Berea?
The cost of living in Berea, KY is quite reasonable compared to other areas of the country. The median home price is $154,400, which is much lower than the national average of $200,000. Additionally, groceries are quite affordable and the local tax rate is low at 6%. There are also several amenities in town such as grocery stores, restaurants and entertainment venues that make it a great place to live without breaking the bank. With all these factors in mind, it's no surprise that Berea is becoming increasingly popular as an affordable place to call home.