| Index | McPherson | Kansas | National |
| Cost of living | 91 | 90 | 100 |
| Groceries | 97 | 97 | 100 |
| Health care | 96 | 96 | 100 |
| Housing | 79 | 77 | 100 |
| Transportation | 97 | 96 | 100 |
| Utilities | 97 | 95 | 100 |
| Lifestyle & Entertainment | 95 | 94 | 100 |
| Household Items | 99 | 97 | 100 |
| Education & Childcare | 91 | 93 | 100 |
Getting a feel for the cost of living in McPherson is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in McPherson is 91, which is 9% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in McPherson closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of McPherson can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 8 locals to understand their opinions on the cost of living in McPherson. The results indicated that 38% found it reasonably priced with decreasing prices of goods and services, while 63% viewed it as quite expensive, with increasing prices.
Is McPherson affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take McPherson, for instance, where the median home price falls 21.8% lower than the national average, and monthly rent rates are 19.3% lower than usual. Additionally, median income levels contribute to the equation, with McPherson flaunting a median household income of $86,632, 6.5% higher than the national norm.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In McPherson, healthcare costs are 4.3% lower than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In McPherson, the transportation index is 3.4% lower than the national average.
The McPherson cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $112,140 | $9,345 | $2,616 | $3,365 |
| Renters | $55,863 | $4,655 | $1,303 | $1,676 |
| State | General Sales Tax | With Max Surtax |
| Kansas | 6.5% | 11.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Kansas | 3.1% | 4.7% |
| City | Population | Cost of Living Index | National Avg. |
| Roxbury, KS | 17 | 96 | 3.5% |
| Windom, KS | 109 | 72 | 28.4% |
| Marquette, KS | 689 | 83 | 16.8% |
| Canton, KS | 675 | 87 | 13.1% |
| Inman, KS | 1,311 | 90 | 10.5% |
| McPherson, KS | 13,501 | 91 | 9.0% |
| City | Population | Cost of Living Index | National Avg. |
| La Grange Park, IL | 13,501 | 125 | 25.0% |
| South Daytona, FL | 13,503 | 99 | 0.8% |
| Rochester, MI | 13,503 | 123 | 22.8% |
| Irondale, AL | 13,506 | 96 | 4.0% |
| Warrenville, IL | 13,492 | 111 | 11.5% |
| McPherson, KS | 13,501 | 91 | 9.0% |
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