Cost of Living in Mcpherson, KS

Housing

The housing market plays a significant role in determining the cost of living in Mcpherson, KS.

• Housing Index: 75.0 / 100
• Median Home Price is: $206000
• Average Rent (2 BR Apartment): $840 per month
• Average Rent (2 BR House): $864 per month

Considering a move to Mcpherson, KS? The housing index of 75.0 indicates that the market is relatively affordable. With a median home price of 206000, purchasing property could be a sound investment. Renting options are also budget-friendly, with an average rent of 840 for a two-bedroom apartment and 864 for a two-bedroom house. Additionally, this affordability provides the opportunity for better quality living and can enhance your lifestyle. Keep in mind that real estate markets can fluctuate, so thorough research is advised before making final decisions.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mcpherson, KS.

• Electricity Price: 14.22 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $220 per month

Living in Mcpherson, KS could entail higher utility costs. Electricity costs sit at 14.22, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 220 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 87.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $69807

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Mcpherson, KS, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.