Living in Lower Merion, Pennsylvania
Cost of living, income, home prices, rent and demographics of Lower Merion · Census data 2020–2024
Lower Merion has 64,174 residents with a median age of 41.2. The median household income is $176,512 (126% higher than the Pennsylvania median), the median home value is $810,400, the median rent is $1,893/month.
Lower Merion at a glance
- Population
- 64,174
- Median age
- 41.2State: 40.9
- Median household income
- $176,512State: $77,971
- Median home value
- $810,400State: $254,500
- Median rent
- $1,893/moState: $1,209
- Homeowners
- 74.7%
- Bachelor's degree or higher
- 78.7%
- Average commute
- 29 min
Is Lower Merion a good place to live?
Pros: Median household income 126% higher than the Pennsylvania median; unemployment of 4.9%; a poverty rate of 6.3%.
Cons: Home values 218% higher than the state median; an average commute of 29 minutes.
The weather is best in May–June and August–September.
Cost of living in Lower Merion
Housing is the biggest part of the cost of living. In Lower Merion the median home value is $810,400, 144% higher than the U.S. median. Renters pay a median of $1,893 per month, which is 30% of household income. Homeowners with a mortgage pay $3,811 a month in housing costs.
Lower Merion median household income
The median household income in Lower Merion is $176,512 and the income per person is $107,615. 6.3% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Lower Merion: homes for sale and rent
- Housing units
- 25,357
- Owner-occupied
- 74.7%
- Renter-occupied
- 25.3%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.52
Lower Merion demographics
- Population
- 64,174
- Median age
- 41.2
- Under 18
- 24.2%
- 65 and older
- 21%
- Households
- 24,077
- Foreign-born
- 12.2%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lower Merion ›
Education in Lower Merion
78.7% of adults 25 and older in Lower Merion have a bachelor's degree or higher (Pennsylvania: 35.2%), and 48.3% have a graduate or professional degree.
Jobs and commute in Lower Merion
- Unemployment rate
- 4.9%State: 5.3%
- Average commute
- 29 minState: 26 min
- Work from home
- 31.6%
- Drive alone
- 50%
- Public transit
- 6.8%
- Walk to work
- 5.5%
- Homes with broadband
- 95.8%
Lower Merion vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lower Merion | 64,174 | $176,512 | $810,400 | $1,893 |
| Narberth | 4,511 | $123,977 | $749,500 | $1,823 |
| Ardmore | 13,909 | $119,111 | $453,100 | $1,763 |
| Haverford College | 1,695 | $182,500 | — | $1,244 |
| Bryn Mawr | 5,880 | $92,961 | $453,400 | $2,173 |
| Wynnewood | 2,766 | $221,705 | $882,900 | $2,038 |
| Merion Station | 5,788 | $250,001 | $886,600 | $2,461 |
| Rosemont | 3,421 | $88,322 | $643,600 | $1,747 |
| Penn Wynne | 6,070 | $150,298 | $555,500 | $1,905 |
More for people moving to Lower Merion
Lower Merion ZIP code ›Weather and climate ›Living in Lower Merion: FAQ
What is the median household income in Lower Merion, PA?
The median household income in Lower Merion is $176,512, 126% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lower Merion?
The median home value in Lower Merion is $810,400, compared with $254,500 in Pennsylvania.
How much is rent in Lower Merion?
The median gross rent in Lower Merion is $1,893 per month, about 30% of household income.
Is Lower Merion, PA a good place to live?
Pluses: median household income 126% higher than the Pennsylvania median; unemployment of 4.9%; a poverty rate of 6.3%. Minuses: home values 218% higher than the state median; an average commute of 29 minutes.
What is the median age in Lower Merion?
The median age in Lower Merion is 41.2 years (Pennsylvania: 40.9).
How long is the commute in Lower Merion?
The average commute to work in Lower Merion is 29 minutes; 31.6% of workers work from home.
What is the unemployment rate in Lower Merion?
The unemployment rate in Lower Merion is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lower Merion?
78.7% of adults in Lower Merion have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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