Housing costs in Berkley?
A typical home costs
$272,200, which is 19.5% less expensive than the national average of
$338,100 and 24.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Berkley costs
$1,410 per month, which is 28.2% more than the national average of
$1,100 and 13.5% more than the state average of
$1,220.
Can I afford Berkley?
To live comfortably in Berkley (zip 48072), Michigan, a minimum annual income of
$52,200 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Berkley?
The cost of living in 48072 Berkley, MI is quite reasonable when compared to other areas in Michigan. The median household income is around $51,000 which is slightly higher than the national average and the unemployment rate is around 3.6%. Property taxes are slightly lower than the state average, while the cost of housing in 48072 is in line with larger cities in Michigan. Despite the relatively low cost of living, there are plenty of amenities available throughout Berkley such as restaurants, shopping centers, parks, and schools. All these factors combine to make 48072 an attractive place to live at a reasonable price.