Are You Moving To Missouri?
Missouri’s geography is highly diverse, ranging from the Ozark Mountains to the Missouri River and the beginning of the Northern Plains. Living in Missouri puts residents near the center of the United States. This state has a natural beauty that would put most states to shame. The best places to live in Missouri are Glendale, Town, and Country, Creve Coeur, Ballwin.
Beyond the natural appeal, a thriving economy and low cost of living are more reasons to pack up and make a move to America’s Heartland. Major industries in Missouri include food processing, aerospace, transportation equipment, and beer making.
Missouri’s overall crime rate hovers just above the national average by just a few percentage points. But the major cities across the state are what pull the numbers higher. Missouri’s cost of living is nine percent cheaper than the national average and housing is one of the expenses where you’ll find the biggest savings.
If you’re moving to Missouri, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.
Moving to Missouri
Pros and Cons of Living in Missouri
Here are a few pros and cons to consider as you make your move to The Lead State:
Pros.
- Missouri offers a lower cost of living.
Missouri often ranks as one of the most affordable places to live in the United States. U.S. News and World Report rank the state as the 10th most affordable place to be. - Jobs are plentiful throughout Missouri in several different careers.
The unemployment rate in Missouri is typically one-half of a percentage point lower than the national average. - The housing marketing is affordable in Missouri.
If you are thinking about living in Missouri, then the average price of a house in the state in 2020 is $171,811.
Cons.
- Wages are somewhat low in Missouri compared to the rest of the country.
The median income for the average family in the state of Missouri is $6,500 less per year than what it is nationally. - Crime can be a significant issue in some communities.
Missouri, as a whole, has one of the highest rates of violent crime for a state. - The weather in Missouri can be hot, humid, and stifling.
You are going to get all four seasons when you start living in Missouri.
Tax Rates
The minimum combined 2021 sales tax rate for Fisk, Missouri is 6.98%. This is the total of state, county and city sales tax rates. The Missouri sales tax rate is currently 4.23%. The County sales tax rate is 1.25%. The Fisk sales tax rate is 1.5%.
Housing Market
The typical home value of homes in Missouri is $188,302. This value is seasonally adjusted and only includes the middle price tier of homes. Missouri home values have gone up 11.6% over the past year.
What Should I Know In 2021?
Economy Outlook
Missouri’s economy rests chiefly on the industry. Aerospace and transportation equipment are the main manufactures; food products, chemicals, printing and publishing, machinery, fabricated metals, and electrical equipment are also important. St. Louis is an important center for the manufacture of metals and chemicals.
Missouri is currently ranked 21st in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
With a state unemployment rate nearing 4 percent, finding workers can be difficult, especially for restaurants and summer entertainment venues that are rebounding as the economy reopens. Teenagers fill many of these jobs but long-term, downward trends in the number and participation of younger workers is adding to staffing challenges.
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Traffic & Transportation
In Missouri, there are seven urban areas in this class that have local transit systems: St. Louis · Kansas City · Springfield · Columbia · St. Joseph · Jefferson City · Joplin
Passengers using these urban systems are transported mainly on buses operating on fixed routes and fixed schedules however, most of these systems also offer specialized services for elderly and disabled persons who cannot effectively use their regular buses.
The best way to get around St. Louis is to drive or use MetroLink. Metro’s efficient light rail system offers stops throughout the city, though locales removed from the main tourist areas are generally harder to reach (if at all).
Cost of living
Living in Missouri is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 11.2% less than they do on average nationwide. Compared with all other states, Missouri has the ninth lowest overall cost of living.
Housing is one of the largest components of cost of living. In Missouri, the typical home is worth $151,600, $53,300 less than the national median home value of $204,900. The typical renter in Missouri spends $809 a month on housing, $214 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $643, while the typical rent for a unit with five or more bedrooms is $1,126.
Out-of-pocket costs and insurance premiums for health care — assuming at least a basic level of health insurance coverage — are relatively high in Missouri. Average health care costs for a single adult in the state total $4,576 per year, compared to the national average of $4,266. For a family of four, average annual health care costs total $13,879 — $929 more than the comparable national average of $12,950.
Moving to Missouri
Things to Know When Moving To Missouri
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Moving is one of the most exciting and overwhelming events in our lives. While there are many moving companies and various different resources to choose from, there is only one Real Movers. If you are in the process of planning a long-distance move, and you are looking for a moving company you can trust, Real Movers is your perfect choice.
