Berkley, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Berkley, MI Summary

Cost of living in Berkley research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Berkley is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Berkley is 102, with 100 being the average.

  • The cost of living index in Berkley is 1.0x higher than the national average.

  • Berkley ranks as the #153 cheapest in Michigan out of 175.

  • Berkley ranks as the #3,380 cheapest out of 6,412 in the US.

  • The median home value in Berkley is $238,200.

  • The median income in Berkley is $96,993.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
102
Berkley's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Berkley, MI?

According to the most recent data on the cost of living, Berkley has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.

Compared to Michigan, Berkley has a cost of living index that's 1.1x higher than Michigan's index of 92.

The standard of living in Berkley ranks as #153 most affordable out of the 175 places we measured in Michigan. By definition, that implies Berkley ranks as the #22 most expensive place in the Wolverine State.

For more reading on life in Berkley, check out:

153 out of 175
In Michigan
3,380 out of 6,412
In America

Berkley Cost Of Living Vs. Michigan

Six factors go into calculating the cost of living index in Berkley. Here is how it fairs on each of the criteria:

  • The Services index in Berkley is 107.

  • The Groceries index in Berkley is 98.

  • The Health index in Berkley is 96.

  • The Housing index in Berkley is 95.

  • The Transportation index in Berkley is 106.

  • The Utilities index in Berkley is 95.

Living Expense Berkley Michigan National Average
Overall 102 92 100
Services 107 96 100
Groceries 98 96 100
Health 96 94 100
Housing 95 80 100
Transportation 106 97 100
Utilities 95 100 100
For more reading on cost of living around Michigan, check out:
Berkley Cost of Living Vs. MI

Berkley, MI Housing Cost Breakdown

Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Berkley is $238,200.

  • The Median Rent in Berkley is $1,288.

  • The Median Income in Berkley is $96,993.

  • The Home Value To Income in Berkley is 2.5x.

  • The Rent To Monthly Income in Berkley is 0.16x.

Statistic Berkley Michigan United States
Median Home Value $238,200 $172,100 $244,900
Median Rent $1,288 $946 $1,163
Median Income $96,993 $63,202 $69,021
Home Value To Income 2.5x 2.7x 3.5x
Rent To Monthly Income 0.16x 0.18x 0.2x
Search Homes For Sale In Berkley, MI
$238,200
Median Home Value
$1,288
Median Rent
$96,993
Median Income

Berkley, MI Costs By Category

Detailed Berkley Services Costs Vs. Michigan

Item Berkley Michigan
Shampoo $0.94 $1.06
Movie $11.26 $10.68
Bowling $19.8 $14.67
Haircut $18.95 $18.62
Beauty Salon $54.27 $39.05

Detailed Berkley Groceries Costs Vs. Michigan

Item Berkley Michigan
Ground Beef $4.55 $4.22
Fried Chicken $1.13 $1.39
Milk $1.44 $2.05
Potatoes $4.18 $3.29
Pizza $10.82 $10.62
Beer $8.42 $9.38
Toothpaste $2.43 $2.34

Detailed Berkley Health Costs Vs. Michigan

Item Berkley Michigan
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Berkley Transportation Costs Vs. Michigan

Item Berkley Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Berkley Utilities Costs Vs. Michigan

Item Berkley Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Berkley SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8.5
Diversity
6
Safety
9
Amenities
9
Education
9
Commute
8

Cost Of Living In Cities Around Berkley

The cost of living varies in the cities and towns around Berkley. Here's a quick look at the cost of living in the most populous nearby places:

  • Troy, MI has a cost of living index of 113, 1.1x Berkley.

  • Southfield, MI has a cost of living index of 96, 0.9x Berkley.

  • Rochester Hills, MI has a cost of living index of 111, 1.1x Berkley.

City Population Cost Of Living Vs. Berkley
Troy, MI 86,912 113 1.1x
Southfield, MI 76,196 96 0.9x
Rochester Hills, MI 75,990 111 1.1x
Novi, MI 65,369 113 1.1x
Royal Oak, MI 58,368 101 1.0x
Oak Park, MI 29,677 93 0.9x
Birmingham, MI 21,728 134 1.3x
Ferndale, MI 19,414 94 0.9x
Clawson, MI 11,482 99 1.0x
Beverly Hills, MI 10,593 123 1.2x

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