Housing costs in Mercer?
A typical home costs
$344,600, which is 1.9% more expensive than the national average of
$338,100 and 20.2% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Mercer costs
$1,730 per month, which is 21.0% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Mercer?
To live comfortably in Mercer New Jer County, New Jersey, a minimum annual income of
$65,880 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Mercer?
Mercer, NJ County has a higher cost of living than the national average. The median house value in Mercer is $344,600, which is about 3% more than the national average of $338,100. Its cost of living index is 104.6, which is 4.6 points higher than the US average of 100. This means that Mercer County residents spend more on goods and services than most Americans do. People in Mercer County pay more for housing, transportation, food and other necessities compared to other regions in the country. Despite the higher cost of living in Mercer County, it remains an attractive place to live due to its numerous job opportunities and high quality schools.