Why You May Want to Retire in Missouri

You can retire in Missouri relatively easily when you already know what you want out of your retirement.   There are many reasons why retirees choose Missouri including planned retirement communities and plenty of activities.   The humid-continental climate includes hot and humid summers and the mild winters typical of a southern climate.   The costs of homes in the state also fall below the national median at less than $150,000.   In fact, homes in the cities of Saint Louis and Kansas City tend to fall under the $140,000 price range.

 

Where Should You Live in Missouri?

There are many places you can live in retire in Missouri when you decide to retire.   The city of Columbia is home of a popular retirement community as well as three colleges including the University of Missouri.   The average home price in this city is between $100,000 and $200,000 and falls on the low-end of the scale for cost of living expenses.   Columbia is also home to many retirement communities with services such as assisted living, adult day services and senior living as well as independent living.

St. Louis has similar features as Columbia except it provides a more urban, cosmopolitan landscape.   There are numerous retirement communities in this city no matter your living preference.   The median income for this city is more than $50,000.  However, you have to be careful about which neighborhood you live in for this city because some have a higher crime rating than others.  

 

What Does It Cost to Retire in Missouri?

You may choose to retire in  in this state  because it is often cited as one of the best states to retire in for its low cost of living including housing costs.   You can live for less than $27,000 annually in Columbia while it costs less than $35,000 per year to live in St. Louis.   You may pay on average a little more than $500 a month for a one-bedroom apartment or around $850 for a three-bedroom apartment. There are also the practical factors if you want retire in Missouri.   For instance, in St. Louis, the cost of groceries tends to be a little higher than in other Missouri cities.

 

However, costs for electricity, fuel and water falls on the less expensive end of the scale.   Other personal care products such as shampoo and conditioner, toilet paper, toothpaste and cosmetics also fall on the lower end of the scale in St. Louis.   Furthermore, public transportation is much cheaper than in other cities.

These are only a few of the reasons you may want to retire in Missouri.   If you plan on having an active social life, Missouri is also ideal.   St. Louis is home to the famed St. Louis Zoo while cities such as Branson offer family friendly entertainment options as well.   Columbia alone offers art galleries, bars, book stores, indie film outlets and live music as well as many other annual and special events in the downtown area.

 

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