Mercer County, IL
Comprehensive housing, income, and cost of living data for Mercer County, Illinois. Population: 15.7K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Mercer County, IL?
The median home price in Mercer County, Illinois is $154.3K. The price-to-income ratio is 2.2x, meaning the median home costs 2.2 times the median household income.
What salary do you need to buy a home in Mercer County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $45.9K per year to buy the median home in Mercer County, IL. Monthly housing costs break down to $780 for mortgage, $226 for property tax, and $64.29 for insurance.
What is the property tax rate in Mercer County?
The effective property tax rate in Mercer County is 1.76%, which comes to approximately $2,710 per year on the median home.
What is the median household income in Mercer County?
The median household income in Mercer County, Illinois is $71.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.6%%.
Is Mercer County a good place to live?
Mercer County, Illinois has a population of 15.7K. Housing affordability is strong with a price-to-income ratio of 2.2x. The climate averages 51 degrees F with 202 sunny days per year. Compare Mercer County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.