Cost of Living in Mercer Island, WA
Population 25,307 · Census ACS 2020–2024 5-year estimates
The median rent in Mercer Island, WA is $2,502/month, 42% higher than the Washington median and 77% higher than the U.S. median. The median home value is $2,000,001, 501% higher than the national median. Households earn a median of $219,069 a year, 123% higher than the state median.
Affordability
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Mercer Island vs. Washington vs. U.S.
| Mercer Island | Washington | U.S. | |
|---|---|---|---|
| Median rent | $2,502 | $1,760 | $1,413 |
| Median home value | $2,000,001 | $564,600 | $332,700 |
| Median household income | $219,069 | $98,141 | $80,734 |
| Homeownership rate | 67.0% | 63.8% | 65.2% |
| Bachelor's degree or higher | 81.4% | 39.6% | 35.7% |
| Poverty rate | 3.8% | 9.9% | 12.5% |
| Unemployment rate | 3.0% | 5.1% | 5.2% |
| Work from home | 38.6% | 19.8% | 15.1% |
| Median age | 46.4 | 38.3 | 38.9 |
FAQ
What is the average rent in Mercer Island, WA?
The median gross rent in Mercer Island, WA is $2,502 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Mercer Island, WA?
Using the common 30% rule, renting a median-priced home takes about $100,080 a year in gross income.
Is Mercer Island, WA expensive to live in?
Rent there is 77% higher than the U.S. median, and the median home costs about 9.1 times the median household income.
Other cities in Washington
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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