McPherson, KS Cost Of Living
Cost Of Living In McPherson, KS Summary
Cost of living in McPherson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means McPherson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in McPherson is 92, with 100 being the average.
The cost of living index in McPherson is 0.9x lower than the national average.
McPherson ranks as the #39 cheapest in Kansas out of 63.
McPherson ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in McPherson is $163,900.
The median income in McPherson is $59,610.
Table Of Contents
McPherson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in McPherson, KS?
According to the most recent data on the cost of living, McPherson has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Kansas, McPherson has a cost of living index that's 1.1x higher than Kansas's index of 87.
The standard of living in McPherson ranks as #39 most affordable out of the 63 places we measured in Kansas. By definition, that implies McPherson ranks as the #24 most expensive place in the Sunflower State.
For more reading on life in McPherson, check out:
- Living In McPherson
- McPherson Crime Report
- Search Homes For Sale In Mcpherson, KS
In Kansas
In America
McPherson Cost Of Living Vs. Kansas
Six factors go into calculating the cost of living index in McPherson. Here is how it fairs on each of the criteria:
The Services index in McPherson is 100.
The Groceries index in McPherson is 94.
The Health index in McPherson is 102.
The Housing index in McPherson is 75.
The Transportation index in McPherson is 93.
The Utilities index in McPherson is 96.
| Living Expense | McPherson | Kansas | National Average | |
|---|---|---|---|---|
| Overall | 92 | 87 | 100 | |
| Services | 100 | 90 | 100 | |
| Groceries | 94 | 95 | 100 | |
| Health | 102 | 98 | 100 | |
| Housing | 75 | 70 | 100 | |
| Transportation | 93 | 93 | 100 | |
| Utilities | 96 | 102 | 100 | |
McPherson, KS Housing Cost Breakdown
Housing swings affordability the most between places in Kansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in McPherson is $163,900.
The Median Rent in McPherson is $815.
The Median Income in McPherson is $59,610.
The Home Value To Income in McPherson is 2.7x.
The Rent To Monthly Income in McPherson is 0.16x.
| Statistic | McPherson | Kansas | United States |
|---|---|---|---|
| Median Home Value | $163,900 | $164,800 | $244,900 |
| Median Rent | $815 | $912 | $1,163 |
| Median Income | $59,610 | $64,521 | $69,021 |
| Home Value To Income | 2.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
McPherson, KS Costs By Category
Detailed McPherson Services Costs Vs. Kansas
Detailed McPherson Groceries Costs Vs. Kansas
Detailed McPherson Health Costs Vs. Kansas
Detailed McPherson Transportation Costs Vs. Kansas
Detailed McPherson Utilities Costs Vs. Kansas
Mcpherson SnackAbility
/10
Cost Of Living In Cities Around McPherson
The cost of living varies in the cities and towns around McPherson. Here's a quick look at the cost of living in the most populous nearby places:
Frederick, MD has a cost of living index of 116, 1.3x McPherson.
Salina, KS has a cost of living index of 83, 0.9x McPherson.
Newton, KS has a cost of living index of 86, 0.9x McPherson.
| City | Population | Cost Of Living | Vs. McPherson |
|---|---|---|---|
| Frederick, MD | 76,376 | 116 | 1.3x |
| Salina, KS | 46,896 | 83 | 0.9x |
| Newton, KS | 18,576 | 86 | 0.9x |
| Valley Center, KS | 8,365 | 90 | 1.0x |
| Bel Aire, KS | 8,148 | 94 | 1.0x |
| Abilene, KS | 6,507 | 84 | 0.9x |
| Maize, KS | 5,469 | 96 | 1.0x |
