Considering Living in Missouri: Pros and Cons?

Hello everyone!

I’ve been doing some research on living in Missouri, specifically focusing on the pros and cons. I’m particularly interested in exploring this topic from a personal finance perspective. If you have any insights or experiences related to the financial aspects of living in Missouri, I would greatly appreciate your input. What are the advantages and disadvantages of residing in Missouri when it comes to personal finance? Feel free to share any tips, recommendations, or even specific anecdotes that can help me make an informed decision.

Thank you in advance for your valuable contributions!



Living in Missouri presents a unique set of financial advantages and disadvantages that can significantly impact your personal finance decisions.

Let’s dive into some key factors to consider when contemplating a move to Missouri.


Affordability: Missouri boasts a relatively low cost of living compared to many other states, making it an attractive option for those seeking a more budget-friendly lifestyle. Housing, transportation, and essential goods and services are generally more affordable, allowing residents to stretch their dollars further.

Tax Benefits: Missouri offers several tax advantages. The state income tax rates are moderate, and Social Security benefits, military pensions, and some retirement income are exempt from taxation. Additionally, Missouri’s property taxes are typically lower than the national average.

Job Opportunities: Missouri has a diverse economy, with thriving industries such as agriculture, manufacturing, healthcare, and transportation. Major cities like Kansas City and St. Louis offer job opportunities in various sectors, potentially providing a stable income source.

Outdoor Recreation: Missouri is known for its beautiful landscapes and recreational opportunities. The state’s abundant parks, lakes, and rivers offer numerous low-cost or free options for outdoor activities, making it an ideal destination for nature enthusiasts and those seeking an active lifestyle without breaking the bank.


Income Levels: Although the cost of living is relatively low, it’s important to note that the average income levels in Missouri tend to be lower compared to national averages. While this might be balanced by the lower expenses, it’s crucial to assess how your specific financial goals and expectations align with the income opportunities in the area.

Sales Taxes: Missouri has a higher-than-average sales tax rate. This can affect your day-to-day expenses, especially if you tend to make significant purchases or frequently dine out. It’s advisable to factor in these costs when evaluating your overall financial situation.

Health Insurance Costs: The affordability of healthcare in Missouri can vary depending on individual circumstances. It’s crucial to research and compare health insurance options thoroughly, considering premiums, deductibles, and coverage, to ensure you have appropriate healthcare coverage at a reasonable cost.

Natural Disasters: Missouri is prone to severe weather events, such as tornadoes and floods. While the impact of these events can vary by region, it’s essential to consider potential costs associated with insurance, property protection, and the need for emergency preparedness.

Keep in mind that everyone’s financial situation and priorities are different, so it’s essential to weigh these pros and cons against your specific circumstances and goals.

Consider consulting with financial professionals, researching local resources, and connecting with residents of Missouri to gather a comprehensive understanding of the financial implications of living in the state.