Cost of Living in Berkley, MA

Population 6,789 · Massachusetts · Data vintage 2023

155
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Berkley is a smaller Massachusetts community of around 7000 residents, where median household incomes of $123,877 and housing costs ($472,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Located 14 miles northwest of New Bedford, Berkley falls within that metro's commuting orbit. Median home values run roughly 46% higher than New Bedford's $324,000.

Cost Overview

Housing 155

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

About the Cost of Living in Berkley

The median home value in Berkley is $472,100 — 55% above the national median of $305,000. The median household income of $123,877/year is 66% higher than the US median of $74,580. The local unemployment rate is 6.0%, above the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 61.7°F and lows of 39.2°F. Overall, Berkley has a cost of living index of 155 versus the US average of 100, meaning it is 55% more expensive.

🏠 Housing

Median Home Value
$472,100
55% above avg
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,233
1 BR
$1,319
2 BR
$1,614
3 BR
$1,945
4 BR
$2,359
Owner-occupied 98.0%
Renter-occupied 2.0%

🛒 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
26.7 min
1% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.1%

Commute Mode

Drove alone
84.3%
Carpooled
5.1%
Walked
0.5%
Work from home
10.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 1.2%

💼 Income & Employment

Median Household Income
$123,877
66% above avg
Per Capita Income
$53,173
Unemployment Rate
6.0%
24% above avg
Poverty Rate
2.7%
Labor Force Participation
59.6%

🎓 Education

Bachelor's degree+ 27.3%
Graduate degree 10.2%

👥 Demographics

Median Age 43.8
Male median age 43.4
Female median age 45.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.7°F
Avg Low
39.2°F
Annual Precip
47.6"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394148597079848375645444
Low °F 192127364655615951413225
Precip" 3.723.025.204.303.213.903.083.614.354.454.264.51

Frequently Asked Questions

What is the cost of living in Berkley, MA?

Berkley has a cost index of 155 (100 = national average). It is 55% above the national average.

What is the average home price in Berkley?

The median home value in Berkley is $472,100 according to 2023 Census ACS data.

What is the median income in Berkley?

The median household income in Berkley is $123,877 per year (2023 ACS 5-year estimates).

What is the sales tax in Berkley, MA?

The combined state and local sales tax rate in Berkley is 6.3%. The Massachusetts state income tax top rate is 9.0%.

Is Berkley, MA affordable?

Berkley is above average in cost of living, with an index of 155 — about 55% higher than the national average.

What is the weather like in Berkley?

Berkley has average high temperatures of 61.7°F and average lows of 39.2°F. Annual precipitation is 47.6". Data from NOAA 1991–2020 Climate Normals.

Berkley at a Glance

Population
6,789
Median Income
$123,877
Home Value
$472,100
Unemployment
6.0%
Avg High Temp
61.7°F
Sales Tax
6.3%
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