Moving to Richmond-Berea
What you need to know before relocating to Richmond-Berea, Kentucky. Data-driven insights on housing, jobs, safety, and quality of life.
Is Richmond-Berea a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Richmond-Berea compares favorably on multiple dimensions. Highlights include rent ($781/mo) is below the national average; home prices ($223,200) are well below the us median; violent crime rate (224/100k) is well below the national average.
Richmond-Berea at a Glance
Cost of Living in Richmond-Berea
The median rent in Richmond-Berea is $781/month, while the median home value is $223,200. With a median household income of $62,323, residents spend roughly 15% of monthly income on rent.
Overall, the Richmond-Berea metro area is classified as very affordable compared to other US metros.
Job Market
Richmond-Berea has a median household income of $62,323, which is 16% below the national median. The local unemployment rate is 4.4%, compared to the national average of 3.7%.
Safety in Richmond-Berea
The violent crime rate in Richmond-Berea is 224 per 100,000 residents, which is 41% below the national average of 380.
Property crime rate: 1552 per 100,000 residents.
Education in Kentucky
Kentucky has a high school graduation rate of 89% and per-pupil spending of $15,337/year. The student-to-teacher ratio is 16:1.
31% of Kentucky adults hold a bachelor's degree or higher.
Healthcare Access
Kentucky has 243 physicians per 100,000 residents, a 8.9% uninsured rate, and 3.1 hospital beds per 1,000 people. Life expectancy in Kentucky is 73.6 years.
Pros and Cons of Living in Richmond-Berea
+Pros
- ✓Rent ($781/mo) is below the national average
- ✓Home prices ($223,200) are well below the US median
- ✓Violent crime rate (224/100k) is well below the national average
-Cons
- ✗Median household income ($62,323) trails the national median
- ✗Longer-than-average commute (56050 min)
Frequently Asked Questions
Is Richmond-Berea a good place to live?⌄
Richmond-Berea, Kentucky has several attributes that make it an attractive place to live, including rent ($781/mo) is below the national average and home prices ($223,200) are well below the us median. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Richmond-Berea?⌄
The median rent in Richmond-Berea is $781/month and the median home value is $223,200. The median household income is $62,323. Overall the metro is considered very affordable.
Is Richmond-Berea safe?⌄
Richmond-Berea has a violent crime rate of 224 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Richmond-Berea?⌄
Richmond-Berea has an unemployment rate of 4.4%, compared to the national average of 3.7%. The median household income is $62,323.