Housing costs in Mercer Island?
A typical home costs
$2,145,300, which is 534.5% more expensive than the national average of
$338,100 and 301.2% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Mercer Island costs
$2,820 per month, which is 97.2% more than the national average of
$1,430 and 38.7% more than the state average of
$1,730.
Can I afford Mercer Island?
To live comfortably in Mercer Island, Washington, a minimum annual income of
$411,120 for a family, and
$96,400 for a single person is recommended.
What does A.I. say about Mercer Island?
Mercer Island, WA is known for having a high cost of living. According to the Mercer Island Reporter, the median income for families is nearly three times the national average, and the median home price is upwards of one million dollars. In addition to expensive housing costs, other expenses such as food and transportation are also higher than in most other cities. As a result, many people choose to live elsewhere while commuting into Mercer Island for work. Despite these costs, Mercer Island remains an attractive place to live due to its access to nature and its proximity to Seattle and Bellevue.