Housing costs in Berkley?
A typical home costs
$267,400, which is 20.9% less expensive than the national average of
$338,100 and 22.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Berkley costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 22.5% more than the state average of
$1,100.
Can I afford Berkley?
To live comfortably in Berkley, Michigan, a minimum annual income of
$51,120 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Berkley?
The cost of living in Berkley, MI is relatively affordable. The city has a median home value of $189,800, which is slightly lower than the national average. Renters can expect to pay an average of $1,387 per month for a one-bedroom apartment and $1,663 for a two-bedroom apartment. Grocery costs are also on par with the national average and utilities are also slightly lower than the average. Overall, living in Berkley is a relatively affordable option when compared to many other cities in Michigan.