Cost of Living in Mercer, PA
Housing
The housing market plays a significant role in determining the cost of living in Mercer, PA.
- Housing Index: 100.9 / 100
- Median Home Price is: $172,500
- Average Rent (2 BR Apartment): $1511 per month
- Average Rent (2 BR House): $1642 per month
In analyzing the data for Mercer, PA, the housing market appears to be quite favorable given the median home price of 172500. However, with a housing index of 100.9, this suggests a potential lack of rental opportunities, as the average rent for a 2BR apartment and house currently stands at 1511 and 1642, respectively. This could indicate a buyer's market, possibly making it an opportune time for homeowners. Nevertheless, be prudent in considering the broader economic factors that might influence future housing prices before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mercer, PA.
- Electricity Price: $17.68 USD (median by state)
- Natural Gas Price: $17.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $241 per month
Living in Mercer, PA could entail higher utility costs. Electricity costs sit at $17.68, while natural gas is priced at $17.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $241 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Mercer is a financially viable option for your relocation.