Are You Moving From or 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
Missouri has the 22nd-highest marginal income tax rate in the country. While this does not mean Missouri has the highest tax rate, it does mean that Missouri is not one of the lower-rate states, either.
The income tax rates for the 2019 tax year (which you file in 2020) range from 0% to 5.4%.
Housing Market
The typical home value of homes in Missouri is $171,811. This value is seasonally adjusted and only includes the middle price tier of homes. Missouri home values have gone up 6.1% over the past year and Zillow predicts they will rise 7.3% in the next year.
What Should I Know In 2020?
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 has an unemployment rate of 3.7%. The US average is 3.7%.
Missouri has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Missouri
– The Sales Tax Rate for Missouri is 7.7%. The US average is 7.3%.
– The Income Tax Rate for Missouri is 5.9%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing Cost of Living.
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Traffic & Transportation
In Missouri, there are seven urban areas in this class which 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
Missouri had the 5th lowest cost of living in the United States for the 3rd quarter in 2020. … The least expensive areas were the Midwest and Southern states. For the past 15 quarters, Missouri has been in the top 10 for the lowest cost of living in the nation
If you want to buy a home in the beautiful state of Missouri, you will find that home prices are generally some of the lowest compared to most residential home markets in the country. Purchasing a home can be a lengthy and complex process. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. If you own a home in your former location the sale of that home needs to be completed as well. Once you have purchased and moved into your new home, there will be utility and maintenance costs as well as property taxes and home insurance that will contribute to your cost of living. The advantages of living in Missouri are many, and below-median prices for homes is one of them to consider.
Missouri is ranked number 34 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living.
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.
