Retirement in Missouri

Overview of Missouri

 

The lands of the Mississippi and Missouri invite people by virtue of their vast parklands and other natural splendors. Missouri's education system attracts many students and its choices of outdoor recreation beckon sports lovers. The state is also good news for retirees looking to settle here, as there are a number of retirement homes in Missouri which provide all types of care.

For those of you, who are young at heart and contemplating how to spend your "new life", Missouri keeps you busy. Missouri treats its residents and retirees to recreation options like canoeing and fishing on the beautiful rivers and streams of the state, and exploring the springs and hidden caves.

The Ozark region is another important region of the state due to its beautiful surroundings consisting of rivers, lakes, and streams. Here, Springfield is the cultural hub and one of the best places to retire in Missouri. Named as the "Queen City of the Ozarks", the city has all the merits of a metropolis. Activities such as camping, hunting, and fishing may excite you.

 

Missouri - at a Glance

 

Population Climate State Income Tax State Sales Tax Median Home Price
5,842,713 (US Census Bureau, 2006) Humid Continental Climate 1.5 % - 6 % 4.225 % $ 108,000

Pros: The low cost of living and range in the income tax rates enables you to spend less and manage your funds well. Besides, the day-to-day expenses in housing, food, transportation, and other utilities fall below the national average as can be understood from the graph below.

Cons: You may find the climate of Missouri a bit harsh. Since the state lies in the interiors, it does not have oceans and even mountains that can moderate its temperatures. Instead, you need to withstand the chilly winds from the Arctic region and the hot and humid ones from the Gulf of Mexico.

 

Cost of Living in Missouri

 

The above table shows the percentage fluctuations in expenditures incurred in Missouri, as compared to the nation's average, which is taken as 100%.

For instance, beer and wine can be bought in Springfield for $7.68 and $6.75 while you'll have to pay $3.21 for coffee and $1.99 for half a gallon of milk.