Berkeley 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.
IndexBerkeleyMissouriNational
Cost of living index8691100
IndexBerkeleyMissouriNational
Goods & Services index9395100
Groceries index10397100
Health care index9697100
Housing index5779100
Transportation index9493100
Utilities index113104100
Here we can see a simple outline of the cost of living in Berkeley, MO. As you can see, with the average cost of living in Berkeley, MO being 86, that puts it 6% lower than the average of Missouri and 14% 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 Berkeley, MO, the price of goods and services are 3% lower than the average of Missouri as well as 7% lower than the nation's average.

Did you know?

  • The cost of living in Berkeley is 6% lower than the Missouri average.
  • The cost of living in Berkeley is 14% lower than the national average.
  • The cost of housing in Berkeley is 43% lower than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current salary in Berkeley, MO to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Berkeley, MO, then you would need to earn more income in order to maintain the same standard of living. To use the Berkeley, MO salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,778$3,982$1,115$1,433
Renters$26,146$2,179$610$784
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Berkeley, MO, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Berkeley, MO has a median income of about $47,778 for people who own homes. Based on that number, a person should spend a maximum of $1,115 on expenses related to housing. Renters have a slightly different median income, which is $26,146. Based on this average, renters should spend no more than $610 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax
Missouri4.225%9.35%

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
Missouri1.5%6%
When assessing the complete cost of living in Berkeley, MO, the Missouri income tax and the Missouri sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Missouri maximum surtax is 9.35%, and the Missouri sales tax is 4.225%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.5% to 6% in Missouri.

Goods & Services

ItemBerkeleyNational avg.Difference
Haircut $16.36$15.565.1%
Beauty Salon $37.77$36.114.6%
Toothpaste $2.13$2.4713.7%
Shampoo $1.03$0.966.7%
Movie $10.07$10.130.6%
Bowling $3.78$4.7420.2%

Groceries

ItemBerkeleyNational avg.Difference
Ground Beef $4.90$3.9823.0%
Fried Chicken $1.88$1.4133.6%
Milk $2.33$2.0612.9%
Potatoes $2.48$2.9816.7%
Pizza $8.52$9.4710.1%
Beer $8.04$8.798.6%

Health Care

ItemBerkeleyNational avg.Difference
Optometrist $76.95$101.0423.8%
Doctor $84.03$107.4421.8%
Dentist $91.80$90.421.5%
Ibuprofen $11.43$9.2823.2%
Lipitor $433.91$426.501.7%

Housing

ItemBerkeleyNational avg.Difference
Home Price $69,100.00$175,700.0060.7%
Avg. Mortgage Payment $728.96$1,133.2335.7%
Apartment Rent $900.00$920.002.2%

Transportation

ItemBerkeleyNational avg.Difference
Gasoline $1.87$1.996.4%
Tire Balancing $43.83$45.764.2%

Utilities

ItemBerkeleyNational avg.Difference
All Electricity$160.36$163.812.1%
Phone $38.25$28.3934.8%
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.
Champ, MO1198-2%
Brooklyn, IL80778-22%
Alorton, IL1,72979-21%
Venice, IL1,75180-20%
Washington Park, IL4,12081-19%
Berkeley, MO9,12086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oakville, CT9,11811616%
St. Rose, LA9,12593-7%
Red Bank, SC9,12896-4%
Rock Falls, IL9,11182-18%
Georgetown, SC9,11096-4%
Berkeley, MO9,12086-14%
Source: The Berkeley, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.