Berea cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBereaKentuckyNational
Cost of living index8988100
IndexBereaKentuckyNational
Goods & Services index10195100
Groceries index9696100
Health care index9495100
Housing index7270100
Transportation index9597100
Utilities index8092100
Here we can see a simple outline of the cost of living in Berea, KY. As you can see, with the average cost of living in Berea, KY being 89, that puts it 1% higher than the average of Kentucky and 11% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Berea, KY, the price of goods and services are 6% higher than the average of Kentucky as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Berea is 1% higher than the Kentucky average.
  • The cost of living in Berea is 11% lower than the national average.
  • The cost of housing in Berea is 28% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

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Compare Berea, KY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Berea, KY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Berea, KY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Berea, KY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,658$4,305$1,205$1,550
Renters$25,693$2,141$599$771
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Berea, KY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Berea, KY homeowners, is $51,658. This would allow for a maximum of $1,205 per month to be spent on housing costs. For renters, the median monthly income is $25,693 which would result in a maximum of $599 to be spent on rental costs.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
The Kentucky sales tax and Kentucky income tax rates should definitely be considered when determining the overall cost of living in Berea, KY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Kentucky sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Kentucky income tax rates range from 2% to 6%.

Goods & Services

ItemBereaNational avg.Difference
Haircut $15.20$14.594.2%
Beauty Salon $43.80$34.6826.3%
Toothpaste $2.09$2.4715.5%
Shampoo $0.87$1.0214.9%
Movie $8.10$9.8717.9%
Bowling $4.15$4.395.5%

Groceries

ItemBereaNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.60$1.469.3%
Milk $2.44$2.363.5%
Potatoes $2.52$3.0617.7%
Pizza $9.10$9.241.5%
Beer $8.11$8.636.1%

Health Care

ItemBereaNational avg.Difference
Optometrist $77.80$99.7822.0%
Doctor $93.67$105.0310.8%
Dentist $81.75$88.707.8%
Ibuprofen $8.13$9.4113.6%
Lipitor $319.69$298.507.1%

Housing

ItemBereaNational avg.Difference
Home Price $126,400.00$175,700.0028.1%
Avg. Mortgage Payment $725.81$1,081.0332.9%
Apartment Rent $653.00$920.0029.0%

Transportation

ItemBereaNational avg.Difference
Gasoline $2.06$2.091.4%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemBereaNational avg.Difference
All Electricity$142.30$170.8016.7%
Phone $21.09$28.2625.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Crab Orchard, KY97379-21%
Brodhead, KY1,34180-20%
Richmond, KY32,70689-11%
Berea, KY14,20989-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Greendale, WI14,2081033%
Live Oak, TX14,21389-11%
Forest Park, IL14,20211111%
Jackson, MO14,22196-4%
Robbinsdale, MN14,1961033%
Berea, KY14,20989-11%
Source: The Berea, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.