Housing costs in Berea?
A typical home costs
$247,400, which is 26.8% less expensive than the national average of
$338,100 and 27.3% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Berea costs
$680 per month, which is 26.1% cheaper than the national average of
$920 and 14.7% cheaper than the state average of
$780.
Can I afford Berea?
To live comfortably in Berea (zip 40404), Kentucky, a minimum annual income of
$47,520 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Berea?
The cost of living in Berea, KY (zip code 40404) is relatively low compared to other parts of the country. According to the Cost of Living Index (COLI), the city’s overall cost of living is 14% lower than the national average, with groceries, housing and utilities all below the national average. The median household income in Berea is $30,138, which is lower than the national median household income of $55,322. However, due to its relatively low cost of living expenses, residents can enjoy a comfortable lifestyle on their incomes. Property taxes are also significantly lower than in many other cities throughout Kentucky and the US as a whole. All in all, 40404 Berea offers an affordable quality of life for those looking for a more rural lifestyle without sacrificing economic stability.