When you think about retiring and enjoying your golden years, sunny states like Florida often come to mind. However, a new ranking is showing that Missouri should definitely be on your radar as a top retirement destination. Surprising as it may be, the Show-Me State has shot up to one of the best places to retire in America, and it’s not just about sunny skies and sandy beaches.
Missouri’s Surprising Rise in Retirement Rankings
A recent study by Study Finds analyzed multiple factors such as tax burdens, healthcare quality, and overall living expenses to rank the best states for retirement. While Florida claimed the top spot – as expected – Missouri has found itself climbing the ranks and now sits at number 13, a position many weren’t anticipating.
Affordability: The Key Factor Behind Missouri’s Climb
The main reason Missouri has made such a big jump in the rankings is its affordability. While the state might not offer the same level of healthcare or overall quality of life as other top-ranked states like Florida or California, its low cost of living is hard to beat. If you’re a retiree on a fixed income, keeping your expenses manageable is a must.
Missouri offers more for your dollar, which makes it a strong option for anyone looking to stretch their retirement savings further. The state’s affordable housing, low property taxes, and overall cheaper cost of living make it an attractive choice for retirees who are mindful of their budgets.
What Makes Missouri a Great Retirement Option?
Missouri has a lot going for it, aside from its affordability. The state offers a range of charming cities and small towns, each with its own unique appeal. Whether you prefer the bustling urban life of St. Louis or Kansas City or the peaceful, slower pace of towns like Columbia and Springfield, Missouri has something for everyone.
In addition to affordability, Missouri boasts a variety of outdoor activities, a mild climate, and an overall friendly atmosphere. The state’s natural beauty, including forests, rivers, and parks, makes it an appealing place for retirees who enjoy nature and outdoor adventures. Whether you’re into hiking, fishing, or just soaking in the scenery, Missouri has a lot to offer.
Healthcare: Missouri Still Has Room for Improvement
One area where Missouri doesn’t quite match up to the top retirement states is healthcare quality. While the state has some excellent hospitals and healthcare facilities, it ranks lower in terms of overall health services compared to states like Minnesota, which is known for its top-notch healthcare system.
However, Missouri’s affordable healthcare options still make it a reasonable choice for retirees who are looking for decent healthcare without breaking the bank. As long as you’re aware of the healthcare options in the area you’re considering, Missouri still offers a good balance of cost and care.
Tax Burden: A Plus for Retirees
Another reason Missouri is quickly becoming a top retirement destination is its favorable tax policies. The state offers significant tax breaks for retirees, including exemptions on Social Security benefits and pensions, which can save seniors a lot of money in the long run. This makes Missouri a more attractive option for retirees compared to states with higher tax burdens.
Unlike some states that impose high income and property taxes, Missouri’s tax policies are designed to support those living on a fixed income. With these tax savings, retirees can stretch their savings further, making Missouri an even more appealing choice for those planning their retirement.
The Bottom Line: Missouri is a Hidden Gem for Retirees
Missouri’s rise in the rankings may come as a surprise, but it’s clear that this state has a lot to offer retirees. Affordability, tax breaks, and the beautiful natural surroundings make it a great place for those looking to enjoy their retirement without the financial strain that can come with living in more expensive areas.
While the state may not have the same level of healthcare or luxury lifestyle as some other top retirement destinations, Missouri’s combination of affordable living and plenty of activities makes it a solid choice for those who want to make the most of their retirement years.
If you’re looking for a place that offers good value for your money and a peaceful, comfortable lifestyle, Missouri is definitely worth considering.
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