Most Expensive Mercer Island Neighborhoods
Mercer Island is a medium-sized city located in the state of Washington. With a population of 25,042 people and five constituent neighborhoods, Mercer Island is the 44th largest community in Washington.
Mercer Island home prices are not only among the most expensive in Washington, but Mercer Island real estate also consistently ranks among the most expensive in America.
Mercer Island is a decidedly white-collar city, with fully 95.41% of the workforce employed in white-collar jobs, well above the national average. Overall, Mercer Island is a city of professionals, managers and sales and office workers. There are especially a lot of people living in Mercer Island who work in management occupations (25.13%), healthcare (11.98%) and sales jobs (11.06%).
Also of interest is that Mercer Island has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Mercer Island telecommute to their jobs. Overall, about 9.66% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Mercer Island is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Mercer Island is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Mercer Island’s overall crime rate is lower than average for the country.
Although the majority of commuting trips in the city are by private automobile, Mercer Island is somewhat unusual for a city of its size for having a substantial number of people who use public transportation. For a lot of people, the bus helps to get to and from their jobs every morning, which benefits everyone in the Mercer Island area by reducing both traffic and air pollution.
If knowledge is power, Mercer Island is a pretty powerful place. 75.60% of the adults in Mercer Island have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Mercer Island in 2010 was $75,396, which is wealthy relative to Washington and the nation. This equates to an annual income of $301,584 for a family of four.
Mercer Island is a very ethnically-diverse city. The people who call Mercer Island home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Mercer Island residents report their race to be White, followed by Asian. Important ancestries of people in Mercer Island include German, Irish, English, Swedish, Italian and Russian.
Foreign born people are also an important part of Mercer Island's cultural character, accounting for 17.38% of the city’s population.
The most common language spoken in Mercer Island is English. Some people also speak Chinese.
|MERCER ISLAND INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||9,431|
|MERCER ISLAND HOME OWNERSHIP|
|% OWNER OCCUPIED||73.78%|
|% RENTER OCCUPIED||26.22%|
|TYPE OF MERCER ISLAND HOMES|
|SINGLE FAMILY DETACHED||69.44%|
|ROWHOUSES AND ATTACHED HOMES||1.38%|
|SMALL APARTMENT BUILDINGS||1.45%|
|COMPLEXES OR HIGH RISE APARTMENTS||27.73%|
|SIZE OF MERCER ISLAND HOMES|
|5 OR MORE BEDROOMS||14.78%|
|AGE OF MERCER ISLAND HOMES|
|NEWER HOMES (2000 OR LATER)||16.73%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||35.84%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||44.55%|
|HISTORIC (1939 OR BEFORE)||2.88%|
|MERCER ISLAND REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,043,199|
|MEDIAN RENTAL PRICE||$2,949|
|HOME VALUE RANGE|
|$0 - $60,000||1.12%|
|$60,001 - $121,000||0.72%|
|$121,001 - $241,000||0.90%|
|$241,001 - $362,000||4.42%|
|$362,001 - $483,000||3.33%|
|$483,001 - $604,000||3.66%|
|$604,001 - $906,000||22.68%|
|$906,001 - $1,207,000||27.09%|
|PEOPLE OF MERCER ISLAND||DETAILS|
|UNDER 5 YEARS||5.14%|
|5 TO 17||19.49%|
|18 TO 24||3.99%|
|25 TO 34||7.44%|
|35 TO 54||27.72%|
|55 TO 64||15.89%|
|65 YEARS AND OVER||20.34%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.09%|
|MEDIAN HOUSEHOLD INCOME||$125,651|
|PER CAPITA INCOME||$75,396|
|INDIVIDUALS BELOW POVERTY LEVEL||4.26%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (18.00%)
Real estate (6.70%)
Information Technology (3.76%)
|BLACK OR AFRICAN AMERICAN||1.76%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.10%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.77%|
|SOME OTHER RACE ALONE||0.26%|
|TWO OR MORE RACES||3.30%|
|HISPANIC OR LATINO (OF ANY RACE)||3.26%|
|ETHNICITIES PRESENT||German (14.96%)
|LANGUAGES SPOKEN||English (81.78%)
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