Housing costs in Berkeley?
A typical home costs
$1,101,200, which is 225.7% more expensive than the national average of
$338,100 and 50.1% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Berkeley costs
$2,240 per month, which is 4.2% more than the national average of
$2,150 and 21.4% cheaper than the state average of
$2,720.
Can I afford Berkeley?
To live comfortably in Berkeley (zip 94702), California, a minimum annual income of
$210,960 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Berkeley?
Living in Berkeley, California 94702 is quite expensive compared to the national average. According to the data, the house median value in 94702 Berkeley is $1,101,200 which is substantially higher than the US average of $338,100. Additionally, The Cost of Living Index for this area stands at 215.4 compared to the US average of 100; this means that living expenses such as housing, groceries and medical care are more expensive than most other parts of the country. Despite these high costs, many people still choose to live here due to its access to educational and career opportunities offered by its several universities and businesses.