Cost of Living in Mercer County, NJ

What does it cost to live in Mercer County? Income, housing, and affordability breakdown.

Median Income

$92,697

Median Rent

$1,454/mo

Median Home

$327,600

Affordability

311

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,657
Property Tax$715
Insurance$109

Total Monthly$2,481
% of Income32.1%

Renting

Median Rent$1,454
Renter's Insurance$25

Total Monthly$1,479
% of Income18.8%

Living in Mercer County, New Jersey

Mercer County has a median household income of $92,697 with housing costs that represent 32.1% of income for owners and 18.8% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 311 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in New Jersey

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.