Cost of Living in Berea, KY

Population 15,557 · Kentucky · Data vintage 2023

60
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Berea sits on the smaller end of the Kentucky city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Berea is about 30 miles south of Lexington-Fayette urban county, the nearest large metro. Median home values run roughly 35% lower than Lexington-Fayette urban county's $272,000.

Cost Overview

Housing 58
Rent 61

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Berea

The median home value in Berea is $178,000 — 42% below the national median of $305,000. Median rent runs $806/month, 39% lower than the national median of $1,314/month. The median household income of $56,484/year is 24% lower than the US median of $74,580. The local unemployment rate is 3.7%, below the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. The climate averages highs of 66.3°F and lows of 46.3°F, with about 14.5" of annual snowfall. Overall, Berea has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.

🏠 Housing

Median Home Value
$178,000
42% below avg
Zillow Home Value
$245,669
Zillow ZHVI
Median Rent
$806/mo
39% below avg
Zillow Rent
$965/mo
Zillow ZORI
Price-to-Rent Ratio
18.4x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$636
1 BR
$721
2 BR
$872
3 BR
$1,187
4 BR
$1,336
Owner-occupied 57.3%
Renter-occupied 42.7%

💰 Estimated Monthly Budget

Rent median rent
$806
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,420/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.8 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.3%

Commute Mode

Drove alone
68.6%
Carpooled
12.4%
Walked
7.7%
Bicycle
0.3%
Work from home
10.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.0%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$56,484
24% below avg
Per Capita Income
$26,622
Unemployment Rate
3.7%
24% below avg
Poverty Rate
19.5%
Labor Force Participation
57.4%

🎓 Education

Bachelor's degree+ 15.3%
Graduate degree 11.7%

👥 Demographics

Median Age 34.1
Male median age 33.2
Female median age 35.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
66.3°F
Avg Low
46.3°F
Annual Precip
49.8"
Annual Snowfall
14.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 424756677684878680695646
Low °F 252836455563676558473630
Precip" 3.423.644.484.425.444.965.123.713.423.663.374.20
Snow" 4.74.52.80.20.00.00.00.00.00.00.41.9

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
15.1:1
Student-teacher ratio
3
Public schools
1,160
Total enrollment

Frequently Asked Questions

What is the cost of living in Berea, KY?

Berea has a cost index of 60 (100 = national average). It is 40% below the national average.

What is average rent in Berea, KY?

The median gross rent in Berea is $806 per month based on 2023 Census data.

What is the average home price in Berea?

The median home value in Berea is $178,000 according to Zillow and Census data.

What is the median income in Berea?

The median household income in Berea is $56,484 per year (2023 ACS 5-year estimates).

What is the sales tax in Berea, KY?

The combined state and local sales tax rate in Berea is 6.0%. The Kentucky state income tax top rate is 4.0%.

Is Berea, KY affordable?

Yes, Berea is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.

What is the weather like in Berea?

Berea has average high temperatures of 66.3°F and average lows of 46.3°F. Annual precipitation is 49.8". Average annual snowfall is 14.5". Data from NOAA 1991–2020 Climate Normals.

Berea at a Glance

Population
15,557
Median Income
$56,484
Home Value
$178,000
Median Rent
$806/mo
Unemployment
3.7%
Avg High Temp
66.3°F
Sales Tax
6.0%
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