Cost of Living in McPherson, KS

With a cost of living index of 75, McPherson, KS is a very affordable place to live. Living here is 25% cheaper than the national average and 4% above the Kansas state average of 72. McPherson is a smaller community of 13,956 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in McPherson's cost of living. The median monthly rent is $898 (32% below the US median of $1,319), and the median home value sits at $204,300 (33% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in McPherson is $77,746, which is 3% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to McPherson. The area sees an average annual temperature of 56.1°F, with summers averaging 78°F and winters around 34°F. Annual rainfall totals 28.3 inches spread over roughly 85 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.