Did you know that Missouri is known as the Show-Me State? Although the origin of this unofficial slogan is disputed, people generally use the phrase to describe Missourians as lacking gullibility and requiring adequate evidence in order to believe in something. In that spirit, we want to tackle the titular question by presenting sound reasoning and evidence. Is Missouri a good place to retire? Absolutely. Let us show you why . . .
Is Missouri a Good Place to Retire?
Low Cost of Living
Whether you’re on a tight budget or you’re simply hoping to spend your savings wisely, Missouri is an excellent choice. According to U.S. News, Missouri ranks fifth in affordability. The cost of living is very reasonable compared to other states, and those savings extend to senior living communities. You can enjoy a lovely and luxurious retirement without spending an extravagant amount.
World-Class Cities Nearby
Many retirees enjoy the quieter pace of life in a mid-sized city like Springfield, but it’s nice to know that two fantastic big cities are just a short drive away. St. Louis and Kansas City both have nationally recognized attractions, impressive sports teams, and amazing restaurants and museums. Plus, Branson is about an hour away from Springfield! You can easily take a day-trip to enjoy a live show and delectable dinner. But that’s not to say that there isn’t plenty to do in Springfield. The Queen City of the Ozarks also boasts top-notch restaurants, parks, and attractions.
Lovely Lakes and Beautiful Scenery
Did you know that the Lake of the Ozarks has more than 1,100 miles of coastline? That’s more than the entire coast of California! And Table Rock Lake, which is just an hour from Springfield, has 800 miles of shoreline. Suffice it to say, whether you enjoy fishing, boating, or simply walking along the water, you’ll appreciate the gorgeous lakes of Missouri. And in addition to the lakes, you’ll love Missouri’s lush hills and awe-inspiring caves. The natural beauty of the state is truly underestimated.
Tax Benefits
Ranked 18th in the nation for being taxpayer-friendly, Missouri is a relatively good choice when it comes to tax benefits. Social Security retirement income is fully exempt for seniors earning less than $85,000 per year if filing as a single taxpayer and $100,000 per year if filing jointly. Taxpayers may qualify for exemptions on public and private pensions, though this varies based on income. Other forms of retirement income, such as IRA or 401(k) income, are at least partially taxable.
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Is Missouri a good place to retire? Absolutely. Whether you have children or grandkids living here, you have a personal connection with the Show-Me State, or you’re drawn to its affordability and beautiful landscapes, Missouri is a wonderful place to spend your sunset years. In fact, a new study from SmartAsset ranked Springfield, Missouri, amongst the top 10 places to retire in the Midwest. The study looked at a variety of criteria, including housing costs, the estimated senior tax burden, residential communities, medical centers, safety, and more. To explore some of the many local attractions and events, check out our recent blog post Things to Do in Springfield, MO.
Are you interested in retiring in Springfield, Missouri? At Springhouse Village, we know how important it is to enjoy your retirement in a lively and welcoming environment. We make it easy for our residents to be active participants in our community. Whether that means encouraging residents to join an exercise class or assisting them in starting a garden club, we strive to help our residents thrive. To learn more about the amenities and services we offer, contact Springhouse Village today by sending us a message online or calling 417-708-3403.