Berkeley, MO Economy


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Berkeley, MO is a charming town located in St. Louis County. It is home to many local businesses and attractions such as The Repertory Theatre of St. Louis, Missouri Botanical Garden, and O'Fallon Park. Rent for two-bedroom apartments in Berkeley is significantly lower than the national average at $1,070 compared to $1,430. Additionally, the grocery cost index in Berkeley is 91 versus 100 in the US. If you are looking for an affordable place to live with plenty of entertainment options nearby then Berkeley may be the perfect place for you!

Berkeley has an unemployment rate of 4.5%. The US average is 6.0%.

Berkeley has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Berkeley
- The Sales Tax Rate for Berkeley is 9.6%. The US average is 7.3%.
- The Income Tax Rate for Berkeley is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Berkeley
- The average income of a Berkeley resident is $18,741 a year. The US average is $28,555 a year.
- The Median household income of a Berkeley resident is $36,050 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBerkeley, MissouriUnited States
  4.56
  -4.8%-6.2%
  26.8%33.5%
  9.6%6.2%
  5.4%4.6%
  $19,267$37,638
  $36,050$69,021
  $35,405$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.6%6.8%
  4.4%10.0%
  0.7%2.5%
  12.6%11.0%
  7.4%4.8%
  3.9%0.8%
  2.4%1.9%
  6.6%4.7%
  0.3%1.9%
  3.9%7.6%
  0.0%0.1%
  3.6%4.2%
  2.7%9.3%
  23.3%14.0%
  0.8%2.1%
  8.1%7.0%
  2.9%4.8%
  8.9%4.7%
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