States › Colorado › Berkley

Is Berkley, CO expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,99914% higher than U.S. average
💵 Families earn per year (2026)$91,281about $7,607/month · 5% higher than U.S. average
🔑 House price$468,10041% higher than U.S. average

Rent is higher than in 69% of U.S. cities. A typical house costs about 5.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $79,960 a year. That is $38 an hour at a full-time job.

Is rent cheaper than other Colorado cities?

Yes. Rent here is cheaper than in most of Colorado. It is number 50 of 112 cities from cheapest to most expensive.

Berkley
$1,999
Edwards
$1,956
Cherry Creek
$2,322
Rifle
$1,387
Glenwood Springs
$2,454
Severance
$2,724
Gunbarrel
$1,865

How much do households earn in Berkley?

Under $25k
11.5%
$25k–50k
19.5%
$50k–100k
37.1%
$100k–150k
13.3%
$150k+
14.1%

Share of households by yearly income. 27.4% of households earn $100,000 or more.

Rent by apartment size in Berkley

SizeBerkleyU.S. average
1 bedroom$1,678$1,324
2 bedrooms$1,779$1,509
3 bedrooms$2,539$1,698
4 bedrooms$1,690$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Berkley overall?

Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).

Housing
127
Goods (food, clothes…)
99
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Berkley, so the Colorado figure is shown.

Taxes and bills in Berkley

🏛️ Property tax$2,936a year · 0.63% of home value · U.S. $3,119
⚡ Electric bill$156a month (typical) · U.S. $156

Life in Berkley

Commute to work27.2 minU.S.: 26.4 min
College degree30.3%U.S.: 35.7%
Own their home67.3%U.S.: 65.2%
Below poverty line14.1%U.S.: 12.5%
Unemployment8.7%U.S.: 5.2%

Is it cheaper to rent or buy in Berkley?

Renting is cheaper right now: about $1,249 a month less.

Renting
$1,999
Owning
$3,248

Owning assumes a typical $468,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,810 for the down payment.

Frequently asked questions

What is the average rent in Berkley, CO?

Renting in Berkley costs a median of about $1,999 a month in 2026, including utilities. The Colorado median is $2,080.

How much do I need to make to live in Berkley?

To keep rent under 30% of income, you need about $79,960 a year, or $38 an hour at a full-time job.

Is Berkley cheap or expensive?

Berkley is rated OK: rent takes 26.3% of the typical household income of $91,281. It ranks 50th cheapest of 112 Colorado cities we track.

How much are property taxes in Berkley?

The median homeowner in Berkley pays $2,936 a year in property taxes, about 0.63% of the median home value.

Is Berkley more expensive than the national average?

Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Berkley?

The median home value in Berkley is $468,100, about 5.1 times the typical yearly household income.

10,789 people live in Berkley. Numbers are typical (middle) values.