Mercerville, NJ

Above Avg · 120

New Jersey · Population 13,693 · Updated March 2026

$1,704
Median Rent / Month
$125,678
Median Income
$330,500
Median Home Value
$1,974
Owner Costs / Month

Affordability

How far your income goes in Mercerville

16.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$20,448
Annual Rent
$13,510
State Income Tax
$7,370
Property Tax (est.)

Cost of Living Overview

Mercerville has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 120 (where 100 equals the national median), Mercerville residents can expect to pay median rent of $1,704/month while earning a median household income of $125,678/year.

The median home value in Mercerville, NJ is $330,500, with typical monthly owner costs around $1,974 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Mercerville.

Frequently Asked Questions

Common questions about living costs in Mercerville

What is the cost of living in Mercerville, NJ?
The cost of living index in Mercerville, NJ is 120 (US average = 100). Median monthly rent is $1,704, median household income is $125,678/year, and the median home value is $330,500.
Is Mercerville, NJ affordable?
No, Mercerville is more expensive than the national average with a cost index of 120. The rent-to-income ratio is 16.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mercerville, NJ?
The median gross rent in Mercerville, NJ is $1,704 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,448.
What is the median household income in Mercerville?
The median household income in Mercerville, NJ is $125,678 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.