Berkley 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.
IndexBerkleyMichiganNational
Cost of living index9689100
IndexBerkleyMichiganNational
Goods & Services index9695100
Groceries index9092100
Health care index9996100
Housing index9373100
Transportation index9897100
Utilities index105100100
Displayed above is a general overview of the Berkley, MI cost of living index. The overall cost of living index in Berkley, MI is 96, which is 8% higher than the Michigan average and 4% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Berkley, MI are 1% higher than the Michigan average and 4% lower than the national average.

Did you know?

  • The cost of living in Berkley is 8% higher than the Michigan average.
  • The cost of living in Berkley is 4% lower than the national average.
  • The cost of housing in Berkley is 7% lower than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher 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
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Health care index
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The salary calculator is meant to help you compare your salary in Berkley, MI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Berkley, MI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Berkley, MI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,403$6,450$1,806$2,322
Renters$44,291$3,691$1,033$1,329
The affordability of the housing market in Berkley, MI as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Berkley, MI homeowners, the median income is $77,403. This indicates that a monthly maximum of $1,806 should be spent by homeowners on all housing related costs. Renters have a median income of $44,291. This indicates that renters should have a maximum of $1,033 used for their rent related monthly costs.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
The Michigan sales tax and Michigan income tax rates should definitely be considered when determining the overall cost of living in Berkley, MI. 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 Michigan 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 Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemBerkleyNational avg.Difference
Haircut $16.10$14.5910.3%
Beauty Salon $48.30$34.6839.3%
Toothpaste $1.94$2.4721.6%
Shampoo $0.89$1.0212.9%
Movie $9.93$9.870.6%
Bowling $3.41$4.3922.4%

Groceries

ItemBerkleyNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.19$1.4618.7%
Milk $1.97$2.3616.4%
Potatoes $2.74$3.0610.5%
Pizza $9.00$9.242.6%
Beer $8.39$8.632.8%

Health Care

ItemBerkleyNational avg.Difference
Optometrist $81.50$99.7818.3%
Doctor $106.00$105.030.9%
Dentist $89.30$88.700.7%
Ibuprofen $8.22$9.4112.7%
Lipitor $309.77$298.503.8%

Housing

ItemBerkleyNational avg.Difference
Home Price $145,200.00$175,700.0017.4%
Avg. Mortgage Payment $927.72$1,081.0314.2%
Apartment Rent $1,091.00$920.0018.6%

Transportation

ItemBerkleyNational avg.Difference
Gasoline $1.95$2.096.9%
Tire Balancing $50.92$45.2912.4%

Utilities

ItemBerkleyNational avg.Difference
All Electricity$178.99$170.804.8%
Phone $29.99$28.266.1%
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.
Highland Park, MI10,95178-22%
Hamtramck, MI22,25678-22%
Center Line, MI8,27980-20%
Detroit, MI695,43780-20%
Inkster, MI25,05681-19%
Berkley, MI15,13696-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Aberdeen, MD15,1371011%
Newton, IA15,13982-18%
Forrest City, AR15,12279-21%
Clearlake, CA15,1211011%
Boulder City, NV15,1621088%
Berkley, MI15,13696-4%
Source: The Berkley, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.