Cost of Living in Mercer County, North Dakota

$1,043/mo
Median Monthly Rent
$196,200
Median Home Value
35% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,043/mo
35% above state average
Median Home Value
$196,200
30% below national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Mercer County Compares

Median monthly rent comparison

Mercer County$1,043/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$1,043/mo
Median Gross Rent
$196,200
Median Home Value
$794/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Mercer County, North Dakota

Mercer County faces affordability headwinds

Mercer County's 15.8% rent-to-income ratio exceeds the national standard of 12%, indicating housing costs that consume a larger share of income than typical. At $1,043 monthly rent against a median household income of $79,405, renters here face tighter budget constraints than national norms.

Mercer County ranks among the least affordable

With a 15.8% rent-to-income ratio, Mercer County significantly outpaces the North Dakota state average of 12.8%, making it one of the state's costlier rental markets. Its median rent of $1,043 represents a 35% premium over the state's $770 median.

Mercer's costs rival other energy-region counties

Mercer County's $1,043 rent closely tracks Morton County at $1,036 and McKenzie County at $1,153, reflecting shared economic pressures in the state's energy corridor. All three counties push significantly above the state median, though Mercer sits in the middle range.

Mercer dedicates 16% of income to housing

Renters pay $1,043 monthly while homeowners pay $794, creating an unusual gap suggesting rental market tightness relative to owner costs. On a $79,405 median income, the 15.8% rent-to-income ratio leaves limited flexibility for other priorities.

Mercer demands careful housing budget planning

If relocating to Mercer County, factor its 15.8% rent-to-income ratio into your budget planning, as housing costs run 23% above the state average. Compare it against more affordable counties like McIntosh or McHenry if housing cost is a primary consideration.

Affordability Calculator

See how your income compares to housing costs in Mercer County

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,853

per month

Owner Cost Burden

12.0%

of gross income

You can likely afford the median home in Mercer County

Median home value is $196,200. Estimated monthly cost: $1,566 vs. your max of $1,853.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Mercer County, North Dakota?
Mercer County, North Dakota has a median monthly rent of $1,043/mo and a median home value of $196,200. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Mercer County?
The median gross rent in Mercer County is $1,043/mo. This is 35% above state average for North Dakota.
Is Mercer County affordable?
Mercer County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Mercer County's rent compare to the state average?
Mercer County's median rent of $1,043/mo is 35% above state average of $770/mo for North Dakota.
What is the median home value in Mercer County?
The median home value in Mercer County, North Dakota is $196,200. This is 30% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.