Pros and Cons of Living In Berea, Kentucky. Is Berea, KY a Nice Place To Live or Retire?

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Berea, Kentucky

Moving to Berea In Kentucky ? Is Berea, KY a Nice Place To Live? Pros and Cons of Living in Berea, Kentucky. Find out the best and worst about to live, raise a family or retire in Berea.

Berea ( bə-REE-ə) is a home rule-class city in Madison County, Kentucky, in the United States. The town is best known for its art festivals, historic restaurants and buildings, and as the home to Berea College, a private liberal arts college. The population was 15,539 at the 2020 census. It is one of the fastest-growing towns in Kentucky, having increased by 27.4% since 2000. Berea is a principal city of the Richmond−Berea Micropolitan Statistical Area, which includes Madison and Rockcastle counties. It was formally incorporated by the state assembly in 1890.

DEMOGRAPHICS

Population
15773
Unemployment
5.4%
15% NAT AVG.
Poverty
21.3%
52% NAT AVG.
Cost Of Living
90
10% NAT AVG.

ECONOMICS

Median Home Cost
$130000
43% NAT AVG.
Median Income
$44357
34% NAT AVG.
Median Rent
$739
36% NAT AVG.
Overall Score
5

CRIME REPORT

Total Crime
254
34% NAT. AVG.
24% STATE AVG.
Violent Crime
16
75% NAT. AVG.
62% STATE AVG.
Property Crime
238
25% NAT. AVG.
18% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 5
Unemployed People
1 in 19
People Earning < $10,000
1 in 9
People Earning < $50,000
55.8%
People With Any Degree
1 in 2.6

ETHNICITY

Ethnicity Berea USA
White 87.8% 60.1%
African American 4% 12.2%
American Indian 0.4% 0.6%
Asian 0.8% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.1% 2.8%
Hispanic 4.7% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Berea USA
Less than $10,000 11.1% 5.8%
$10,000 to $14,999 5.4% 4.1%
$15,000 to $24,999 11.6% 8.5%
$25,000 to $34,999 10.7% 8.6%
$35,000 to $49,999 17% 12.0%
$50,000 to $74,999 22.4% 17.2%
$75,000 to $99,999 11.4% 12.8%
$100,000 to $149,999 7.3% 15.6%
$150,000 to $199,999 1.8% 7.1%

EDUCATION

Education Berea USA
< 9th Grade 7% 5.0%
9-12th Grade 10% 7.0%
High School or GED 26% 27.0%
Other College 19% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 17% 20.0%
Master's Degree 9% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 2% 1.0%
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. 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.

Cost of living in Berea is 90, which is 10% lower than national average. In Berea, only 29% of adults have a bachelor's degree and 28% have some college but no degree. 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.
Berea Scorecard

Jobs60%

Housing60%

Affordability70%

Safety80%

Amenities80%

Diversity60%

Education60%

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