Housing costs in Mercer?
A typical home costs
$243,300, which is 28.0% less expensive than the national average of
$338,100 and 1.1% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Mercer costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 10.8% cheaper than the state average of
$920.
Can I afford Mercer?
To live comfortably in Mercer (zip 58559), North Dakota, a minimum annual income of
$46,440 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Mercer?
The cost of living in 58559 Mercer, ND is relatively low compared to other areas in the United States. According to Best Places, the overall cost of living index for Mercer is 79.6, which is far lower than the national average of 100. A major factor that contributes to this low cost of living is the median house price in Mercer, which is only $87,200. Additionally, Mercer’s estimated median household income of $60,077 is quite high considering its low housing costs and overall cost of living index. In comparison to larger cities such as New York or Los Angeles where the cost of living index can exceed 200 points higher than the national average, Mercer offers an incredibly affordable area for those looking to move or buy property.