Cost of Living in Mercer Island, WA
Population: 25,282 • 2026 Data
$202,359
Median Household Income
+161% vs national
$2,464
Median Monthly Rent
+83% vs national
$1,884,200
Median Home Value
+456% vs national
2.5%
Unemployment Rate
Housing in Mercer Island
The median home value in Mercer Island, WA is $1,884,200. Monthly rent for a typical unit averages $2,464, while total monthly housing costs (including utilities and insurance) average $2,877.
Rent-to-income ratio: 14.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Mercer Island, WA is $202,359. The unemployment rate stands at 2.5%, with a labor force of 12,348 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.