In Missouri, the overall cost of living is 85.9% of the national average, while in Kansas, it is 83.1% of the average.
Cost of Living: Missouri vs. Kansas.
| Missouri | Kansas | |
|---|---|---|
| Grocery | 94.9% of national average | 93% of national average |
| Average Household Income (2018) | $55,461 | $59,597 |
Is it cheaper to live in Kansas or Missouri?
Kansas’ cost of living is 83.1, lower than the national average of 100. The median home price here is lower than Missouri’s at $137,500, compared with $231,200 for the national average.
Are taxes cheaper in Missouri or Kansas?
Kansas has an average income tax rate of 3.95 percent (33rd in the nation), and Missouri has an average income tax rate of 3.75 percent (35th). The actual rates vary in both states by income level (3 to 4.9 percent in Kansas and 1.5 to 6 percent in Missouri).
Which state is better Missouri or Kansas?
Kansas had a better overall ranking than Missouri, scoring an overall rank of 28 when all factors were weighed, compared to Missouri’s 37. But on the category of government, Kansas ranked toward the bottom of the nation.
Is it better to retire in Missouri or Kansas?
Kansas is an above-average choice — the 17th best among the states — but Missouri is the 13th worst, according to this year’s Bankrate ranking of best places to retire.
Where is the cheapest state to live?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Who has higher taxes Kansas or Mo?
Missouri taxes overall are slightly lower compared to Kansas with an average of 3.75%, but the difference is only minor. On the other hand, both states have a relatively high sales tax rate with Kansas being 12th highest in the country and Missouri being 14th highest in the country.
Is Kansas rich or poor?
The annual “Rich States Poor States” report published by the American Legislative Exchange Council ranks Kansas #26 in Economic Outlook for 2018, which is unchanged from the previous year.
Is Missouri a high tax state?
Missouri has a 4.0 percent corporate income tax rate. Missouri has a 4.225 percent state sales tax rate, a max local sales tax rate of 5.763 percent, an average combined state and local sales tax rate of 8.29 percent. Missouri’s tax system ranks 13th overall on our 2022 State Business Tax Climate Index.
Is Kansas a good state to live?
Thinking about moving to Kansas City? Ranked in the top 50 Best Places to Live in the U.S., this fast-growing Midwest metro is an excellent place to live for job opportunities, affordable housing, top-rated colleges, pro sports events, incredible arts and culture, and—of course—some of the best barbecue in America.
Where is the best place to live in Kansas?
Best Places To Live in Kansas
- Topeka. As the capital of Kansas, Topeka’s economy is paced by state government jobs that employ about 8,400 people.
- Overland Park.
- Olathe.
- Lawrence.
- Shawnee.
- Manhattan.
- Lenexa.
- Dodge City.
Is Kansas City safer than St Louis?
St. Louis received a quality of life score of 5.4 out of a possible 10, and a value score of 7.7. The city’s overall score is 6.3. Kansas City scored 6 for quality of life, 7.7 for value and 6.7 overall.
What are the cons of living in Missouri?
Disadvantages Of Living In Missouri
- Below-average wages.
- High state & local taxes.
- Severe weather.
- High crime rate.
- Low quality of life rankings.
Is Missouri tax-friendly?
Missouri is ranked the 18th best state in the U.S. for being taxpayer-friendly. Ranked as being moderately tax-friendly to retirees, Missouri partially taxes Social Security income, fully taxes withdrawals from retirement accounts, and public pensions are partially taxed while private pensions are fully taxed.
Does Missouri tax your Social Security?
Missouri. State Taxes on Social Security: Social Security benefits are not taxed for married couples with a federal adjusted gross income less than $100,000 and single taxpayers with an AGI of less than $85,000. Taxpayers who exceed those income limits may qualify for a partial exemption on their benefits.
What is the best state to live in financially?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.
What state is the highest cost of living?
Hawaii
Hawaii is the most expensive state to live in the United States. With a cost of living index of 193.3, the cost of living in Hawaii is nearly twice the national average.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
What is the most expensive state to live in 2022?
The Most Expensive States to Live in 2022
- Hawaii.
- California.
- Massachusetts.
- New Jersey.
- Connecticut.
Is Missouri a good state to live in?
Missouri is a great place to live and has something for everyone. Cities, rural areas, culture, nature, sports, great food and so much more. Obviously, EVERYONE couldn’t live here and still maintain the balance of calm, chaos, and adventure. However, visiting is another story.