Quick facts: Mcpherson, KS

Quick Facts

97.6
Cost of Living
below US average
13,865
Population
20.48
Crime Rate per 1000
below US average
$69,807
Median Income
below US average
$198,000
Median House Price
above US average
$1037.5
Average Rent
below US average
9%
Poverty Rate
below US average
3.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $69,807.

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Income Needed to Buy

βœ“ Affordable
$62k/year
Based on $198,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($69,807) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$44k/year
Based on $1037.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($69,807) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mcpherson, KS

McPherson, Kansas, is a charming city located in the central part of the state. As the county seat of McPherson County, it boasts a population of around 14,000 residents. The city is known for its vibrant community, friendly atmosphere, and rich history. Founded in the late 19th century, McPherson features a downtown area filled with unique shops, restaurants, and historic buildings that reflect its heritage. Outdoor enthusiasts will appreciate the numerous parks and recreational opportunities, including the McPherson Water Park and the nearby Lakeside Park, which offers trails, picnic areas, and sports facilities. The annual McPherson County Fair and various community events foster a strong sense of local pride and engagement. In terms of education, McPherson is served by the McPherson School District, which includes several elementary and secondary schools, as well as a community college, providing residents with diverse educational opportunities. Additionally, the city’s location at the intersection of major highways makes it easily accessible for residents and visitors alike, enhancing its appeal as a welcoming community in central Kansas.

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