Housing costs in Berea?
A typical home costs
$208,400, which is 38.4% less expensive than the national average of
$338,100 and 7.3% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Berea costs
$790 per month, which is 14.1% cheaper than the national average of
$920 and close to the state average of
$780.
Can I afford Berea?
To live comfortably in Berea (zip 40403), Kentucky, a minimum annual income of
$39,960 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Berea?
The cost of living in 40403 Berea, KY is generally considered to be quite affordable when compared to the rest of the country. The median home price in Berea is around $123,000, which is much lower than the national average of $231,200. Additionally, the overall cost of living index in Berea is 94.2, which is below the national average of 100. This means that it’s cheaper than most places in the country to live in Berea. Housing costs are particularly low compared to other Kentucky cities and utilities are also relatively inexpensive as well. All things considered, 40403 Berea offers an exceptionally high quality of life at a very reasonable cost.