Berkley, CO

Above Avg · 127

Colorado · Population 10,838 · Updated March 2026

$1,709
Median Rent / Month
$76,232
Median Income
$453,600
Median Home Value
$1,592
Owner Costs / Month

Affordability

How far your income goes in Berkley

26.9%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Colorado

State-level tax rates that affect your costs

4.4%
Income Tax (Top Rate)
2.9%
Sales Tax
0.51%
Property Tax Rate

Estimated Annual Costs

$20,508
Annual Rent
$3,354
State Income Tax
$2,313
Property Tax (est.)

Cost of Living Overview

Berkley has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 127 (where 100 equals the national median), Berkley residents can expect to pay median rent of $1,709/month while earning a median household income of $76,232/year.

The median home value in Berkley, CO is $453,600, with typical monthly owner costs around $1,592 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.9%, Berkley falls within the generally affordable range, though it's approaching the 30% burden threshold.

Colorado has a moderate income tax rate of 4.4%. Combined with a 2.9% sales tax rate and 0.51% effective property tax rate, the overall tax environment is a factor in the total cost of living in Berkley.

Frequently Asked Questions

Common questions about living costs in Berkley

What is the cost of living in Berkley, CO?
The cost of living index in Berkley, CO is 127 (US average = 100). Median monthly rent is $1,709, median household income is $76,232/year, and the median home value is $453,600.
Is Berkley, CO affordable?
No, Berkley is more expensive than the national average with a cost index of 127. The rent-to-income ratio is 26.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Berkley, CO?
The median gross rent in Berkley, CO is $1,709 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,508.
What is the median household income in Berkley?
The median household income in Berkley, CO is $76,232 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Colorado?
Colorado has a top income tax rate of 4.4%, a sales tax of 2.9%, and an effective property tax rate of 0.51%.