Berkley, CO Cost Of Living
Cost Of Living In Berkley, CO Summary
Cost of living in Berkley research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Berkley is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Berkley is 99, with 100 being the average.
The cost of living index in Berkley is 1.0x lower than the national average.
Berkley ranks as the #23 cheapest in Colorado out of 111.
Berkley ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Berkley is $333,800.
The median income in Berkley is $71,183.
Table Of Contents
Berkley's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Berkley, CO?
According to the most recent data on the cost of living, Berkley has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Colorado, Berkley has a cost of living index that's 1.0x lower than Colorado's index of 104.
The standard of living in Berkley ranks as #23 most affordable out of the 111 places we measured in Colorado. By definition, that implies Berkley ranks as the #88 most expensive place in the Centennial State.
For more reading on life in Berkley, check out:
- Living In Berkley
- Search Homes For Sale In Berkley, CO
In Colorado
In America
Berkley Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Berkley. Here is how it fairs on each of the criteria:
The Services index in Berkley is 101.
The Groceries index in Berkley is 92.
The Health index in Berkley is 98.
The Housing index in Berkley is 104.
The Transportation index in Berkley is 106.
The Utilities index in Berkley is 78.
| Living Expense | Berkley | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 99 | 104 | 100 | |
| Services | 101 | 102 | 100 | |
| Groceries | 92 | 99 | 100 | |
| Health | 98 | 100 | 100 | |
| Housing | 104 | 116 | 100 | |
| Transportation | 106 | 104 | 100 | |
| Utilities | 78 | 90 | 100 | |
Berkley, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Berkley is $333,800.
The Median Rent in Berkley is $1,501.
The Median Income in Berkley is $71,183.
The Home Value To Income in Berkley is 4.7x.
The Rent To Monthly Income in Berkley is 0.25x.
| Statistic | Berkley | Colorado | United States |
|---|---|---|---|
| Median Home Value | $333,800 | $397,500 | $244,900 |
| Median Rent | $1,501 | $1,437 | $1,163 |
| Median Income | $71,183 | $80,184 | $69,021 |
| Home Value To Income | 4.7x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Berkley, CO Costs By Category
Detailed Berkley Services Costs Vs. Colorado
Detailed Berkley Groceries Costs Vs. Colorado
Detailed Berkley Health Costs Vs. Colorado
Detailed Berkley Transportation Costs Vs. Colorado
Detailed Berkley Utilities Costs Vs. Colorado
Berkley SnackAbility
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Cost Of Living In Cities Around Berkley
The cost of living varies in the cities and towns around Berkley. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 116, 1.2x Berkley.
Aurora, CO has a cost of living index of 108, 1.1x Berkley.
Brighton, CO has a cost of living index of 103, 1.0x Berkley.
| City | Population | Cost Of Living | Vs. Berkley |
|---|---|---|---|
| Denver, CO | 706,799 | 116 | 1.2x |
| Aurora, CO | 383,496 | 108 | 1.1x |
| Brighton, CO | 39,895 | 103 | 1.0x |
| Englewood, CO | 33,500 | 111 | 1.1x |
| Wheat Ridge, CO | 32,340 | 110 | 1.1x |
| Sherrelwood, CO | 20,069 | 98 | 1.0x |
| Welby, CO | 16,260 | 97 | 1.0x |
| Federal Heights, CO | 14,111 | 80 | 0.8x |
| Commerce, GA | 7,213 | 83 | 0.8x |
| Sheridan, CO | 6,090 | 102 | 1.0x |
