Cost of Living in McKean County, Pennsylvania

$769/mo
Median Monthly Rent
$98,700
Median Home Value
20% below state averageUnaffordable

At a Glance

Median Monthly Rent
$769/mo
20% below state average
Median Home Value
$98,700
65% below national
Rent-to-Income Ratio
26.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How McKean County Compares

Median monthly rent comparison

McKean County$769/mo
Pennsylvania Average$960/mo
National Median$1,163/mo

Detailed Housing Stats

$769/mo
Median Gross Rent
$98,700
Median Home Value
$691/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in McKean County, Pennsylvania

McKean leads Pennsylvania in affordability

McKean County residents enjoy a 15.0% rent-to-income ratio, the lowest among Pennsylvania's counties and well below the national benchmark. With median rent at just $769 and homes valued at $98,700, this corner of northwest Pennsylvania offers genuine affordability.

Pennsylvania's most affordable county

McKean ranks as the state's affordable leader, with renters spending only 15% of income on housing versus Pennsylvania's 16.5% average. This advantage flows from modest housing costs ($769 rent, $98,700 median home value) paired with modest but stable incomes.

Beats all nearby counties on price

McKean's $769 median rent undercuts Lycoming ($887), Mercer ($808), and Mifflin ($792) when looking at broader regional affordability. The county's median home value of $98,700 is nearly half that of neighboring Mercer County at $153,600.

The tightest housing-to-income fit

On a $61,705 median income, renters pay $769 monthly (15% of income) and homeowners pay $691 monthly (13.4%). This is Pennsylvania's most favorable housing-cost structure, leaving more income for other necessities.

McKean rewards budget-conscious movers

If affordability tops your relocation priorities, McKean County delivers the lowest housing burden in Pennsylvania. Test-drive the combination of sub-$100K home values and 15% rent ratios against pricier alternatives statewide.

Affordability Calculator

See how your income compares to housing costs in McKean County

$

Rent Burden

15.0%

of gross income

Max Housing (28% Rule)

$1,440

per month

Owner Cost Burden

13.4%

of gross income

You can likely afford the median home in McKean County

Median home value is $98,700. Estimated monthly cost: $788 vs. your max of $1,440.

Rent Affordability Guide

Your rent-to-income ratio15.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in McKean County, Pennsylvania?
McKean County, Pennsylvania has a median monthly rent of $769/mo and a median home value of $98,700. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in McKean County?
The median gross rent in McKean County is $769/mo. This is 20% below state average for Pennsylvania.
Is McKean County affordable?
McKean County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does McKean County's rent compare to the state average?
McKean County's median rent of $769/mo is 20% below state average of $960/mo for Pennsylvania.
What is the median home value in McKean County?
The median home value in McKean County, Pennsylvania is $98,700. This is 65% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.