Mercerville, NJ Cost Of Living
Cost Of Living In Mercerville, NJ Summary
Cost of living in Mercerville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Mercerville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Mercerville is 118, with 100 being the average.
The cost of living index in Mercerville is 1.2x higher than the national average.
Mercerville ranks as the #74 cheapest in New Jersey out of 260.
Mercerville ranks as the #4,280 cheapest out of 6,489 in the US.
The median home value in Mercerville is $436,260.
The median income in Mercerville is $125,678.
Table Of Contents
Mercerville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mercerville, NJ?
According to the most recent data on the cost of living, Mercerville has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Mercerville has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in Mercerville ranks as #74 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Mercerville ranks as the #186 most expensive place in the Garden State.
For more reading on life in Mercerville, check out:
In New Jersey
In America
Mercerville Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Mercerville. Here is how it fairs on each of the criteria:
The Services index in Mercerville is 111.
The Groceries index in Mercerville is 104.
The Health index in Mercerville is 101.
The Housing index in Mercerville is 143.
The Transportation index in Mercerville is 104.
The Utilities index in Mercerville is 106.
| Living Expense | Mercerville | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 118 | 122 | 100 | |
| Services | 111 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 101 | 99 | 100 | |
| Housing | 143 | 159 | 100 | |
| Transportation | 104 | 101 | 100 | |
| Utilities | 106 | 107 | 100 | |
Mercerville, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Mercerville is $436,260.
The Median Rent in Mercerville is $1,704.
The Median Income in Mercerville is $125,678.
The Home Value To Income in Mercerville is 3.5x.
The Rent To Monthly Income in Mercerville is 0.16x.
| Statistic | Mercerville | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $436,260 | $564,432 | $303,400 |
| Median Rent | $1,704 | $1,653 | $1,348 |
| Median Income | $125,678 | $101,050 | $78,538 |
| Home Value To Income | 3.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Mercerville, NJ Costs By Category
Detailed Mercerville Services Costs Vs. New Jersey
| Item | Mercerville | New Jersey |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.53 | $12.13 |
| Bowling | $20.98 | $18 |
| Haircut | $30.25 | $24.26 |
| Beauty Salon | $53.0 | $45.56 |
Detailed Mercerville Groceries Costs Vs. New Jersey
| Item | Mercerville | New Jersey |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.7 | $4.67 |
| Potatoes | $5.32 | $4.93 |
| Pizza | $12.59 | $12.09 |
| Beer | $11.12 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Mercerville Health Costs Vs. New Jersey
| Item | Mercerville | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Mercerville Transportation Costs Vs. New Jersey
| Item | Mercerville | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Mercerville Utilities Costs Vs. New Jersey
| Item | Mercerville | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Mercerville SnackAbility
/10
Cost Of Living In Cities Around Mercerville
The cost of living varies in the cities and towns around Mercerville. Here's a quick look at the cost of living in the most populous nearby places:
Allentown, PA has a cost of living index of 97, 0.8x Mercerville.
Trenton, NJ has a cost of living index of 96, 0.8x Mercerville.
Levittown, PA has a cost of living index of 112, 0.9x Mercerville.
| City | Population | Cost Of Living | Vs. Mercerville |
|---|---|---|---|
| Allentown, PA | 125,320 | 97 | 0.8x |
| Trenton, NJ | 89,966 | 96 | 0.8x |
| Levittown, PA | 50,930 | 112 | 0.9x |
| Hamilton Square, NJ | 11,643 | 125 | 1.1x |
| Kendall Park, NJ | 10,765 | 142 | 1.2x |
| White Horse, NJ | 10,040 | 115 | 1.0x |
| Fairless Hills, PA | 8,985 | 110 | 0.9x |
| Twin Rivers, NJ | 8,315 | 118 | 1.0x |
| Fort Dix, NJ | 8,034 | 140 | 1.2x |
| Yorketown, NJ | 7,265 | 140 | 1.2x |
