Berea is a city in Kentucky state in USA with a population of 15773 residents.. The poverty rate of Berea is 21.3%, which is 52% higher than national average. The typical household in Berea earns $44357 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 55.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Berea, only 83% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Berea remained 5.4%, which is 15% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Berea, only 29% of adults have a bachelor's degree and 28% have some college but no degree.

Cost of living in Berea is 90, which is 10% lower than national average. Median home value in Berea is $130000 , which is 43% lower than national average. While median income in Berea remained $44357, which is 34% lower than national average.