Cost of Living in Mercer County, Ohio

$812/mo
Median Monthly Rent
$208,600
Median Home Value
7% below state averageUnaffordable

At a Glance

Median Monthly Rent
$812/mo
7% below state average
Median Home Value
$208,600
26% below national
Rent-to-Income Ratio
23.0%
% 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$812/mo
Ohio Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$812/mo
Median Gross Rent
$208,600
Median Home Value
$876/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Mercer County, Ohio

Mercer County delivers exceptional affordability

Mercer County renters spend just 12.5% of their income on housing—well below the national 15% threshold—while earning $3,281 more than the U.S. median. This county ranks among America's most genuinely affordable places to rent.

Ohio's second-most affordable county

Mercer County's 12.5% rent-to-income ratio ranks among Ohio's best, sitting nearly 3 percentage points below the state average of 15.6%. With median rent of $812 and strong wages of $78,036, Mercer delivers solid affordability across the board.

Best value in the region by far

Mercer County's $812 rent is the lowest in this analysis, and with median income of $78,036, residents enjoy the region's best affordability ratio. Compared to Medina County's wealthier but pricier market, Mercer offers genuine value.

Mercer's ideal housing math

The typical Mercer County household earning $78,036 annually allocates $812 to rent or $876 to mortgage payments monthly. Renters spend just 12.5% of income on housing while homeowners spend 13.4%—both well below the 15% threshold.

Mercer County rewards budget-conscious movers

If affordability is your top priority, Mercer County offers unbeatable value with low rents and solid wages. Compare its housing costs and income levels against neighboring counties to confirm it's the right fit for your relocation goals.

Affordability Calculator

See how your income compares to housing costs in Mercer County

$

Rent Burden

12.5%

of gross income

Max Housing (28% Rule)

$1,821

per month

Owner Cost Burden

13.5%

of gross income

You can likely afford the median home in Mercer County

Median home value is $208,600. Estimated monthly cost: $1,665 vs. your max of $1,821.

Rent Affordability Guide

Your rent-to-income ratio12.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Mercer County, Ohio?
Mercer County, Ohio has a median monthly rent of $812/mo and a median home value of $208,600. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Mercer County?
The median gross rent in Mercer County is $812/mo. This is 7% below state average for Ohio.
Is Mercer County affordable?
Mercer County is rated Unaffordable based on rent-to-income ratio of 23.0%. 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 $812/mo is 7% below state average of $873/mo for Ohio.
What is the median home value in Mercer County?
The median home value in Mercer County, Ohio is $208,600. This is 26% 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.