Berea, NE is a small town with a population of about 900 people. It has a low cost of living compared to the US average, making it an attractive place to live for those looking to save money. Two bedroom apartments can be rented in Berea for around $850 while the US average is around $1,430. Groceries are also cheaper in Berea as the Grocery Cost Index is 98 compared to 100 nationally. Local companies in Berea include L&L Automotive Repair & Towing, Homan Hardware & Electric Co., and Janssen Pharmacy. All in all, Berea is a great place to settle down for those wishing to have a low cost of living and access to local amenities.
Berea has an unemployment rate of 2.5%. The US average is 6.0%.
Berea has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 20.7%, which is lower than the US average of 33.5%.
Tax Rates for Berea
- The Sales Tax Rate for Berea is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Berea is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Berea
- The average income of a Berea resident is $48,509 a year. The US average is $37,638 a year.
- The Median household income of a Berea resident is $0 a year. The US average is $69,021 a year.