| Index | Berkley | Colorado | National |
| Cost of living | 124 | 115 | 100 |
| Groceries | 102 | 104 | 100 |
| Health care | 105 | 107 | 100 |
| Housing | 167 | 136 | 100 |
| Transportation | 107 | 106 | 100 |
| Utilities | 111 | 108 | 100 |
| Lifestyle & Entertainment | 107 | 107 | 100 |
| Household Items | 103 | 105 | 100 |
| Education & Childcare | 112 | 111 | 100 |
Understanding the cost of living in Berkley can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Berkley cost of living index is 124, which is 24% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
If you prioritize affordability when seeking a new place to live, Berkley may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Berkley falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs make up a big chunk of the cost of living in Berkley, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 66.8% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Berkley an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Berkley is 76% higher than the national average, while the average monthly rent prices are 45.2% higher than average. The affordability of any location can also be influenced by median income levels. Berkley has a median household income of $103,889, which is 27.7% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Berkley starts at 2.9% and the income tax rates start at 4.4%.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Berkley, the utilities index is 10.9% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Berkley, healthcare costs are 5.4% higher than the national average.
The cost of living data for Berkley shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $112,779 | $9,398 | $2,631 | $3,384 |
| Renters | $71,055 | $5,921 | $1,658 | $2,132 |
| State | General Sales Tax | With Max Surtax |
| Colorado | 2.9% | 10% |
| State | Income Tax (Low) | Income Tax (High) |
| Colorado | 4.4% | 4.4% |
| City | Population | Cost of Living Index | National Avg. |
| Eldorado Springs, CO | 332 | 109 | 8.9% |
| Glendale CDP, CO | 80 | 109 | 9.1% |
| Lakeside, CO | 6 | 90 | 10.0% |
| Federal Heights, CO | 14,024 | 95 | 5.1% |
| North Washington, CO | 676 | 99 | 0.9% |
| Berkley, CO | 11,591 | 124 | 24.3% |
| City | Population | Cost of Living Index | National Avg. |
| L'Île-Perrot, QC | 11,591 | n/a | |
| Nelson, BC | 11,592 | n/a | |
| Lowes Island, VA | 11,593 | 168 | 68.1% |
| Kalaoa, HI | 11,594 | 154 | 54.0% |
| Merriam, KS | 11,587 | 98 | 2.1% |
| Berkley, CO | 11,591 | 124 | 24.3% |
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