More informative than BMI alone: estimate body composition from neck, waist (and hip) circumferences using the US Navy Hodgdon-Beckett equations.
Within about 3–4% of DXA scans for most people — far more accurate than BMI for athletic builds, and it requires only a tape measure.
For men, 10–20% is generally healthy; for women, 18–28%. Athletes run lower; essential fat floors are ~6% (male) and ~14% (female).
The female formula accounts for the hip-gluteal fat depot that the male formula does not include.