The short version
- Social Security taxed?
- No
- Income tax
- Brackets up to 4.7%, falling
- Property tax on a $300,000 home
- ≈ $2,670 / yr ($222 / mo)
- Everyday cost index (U.S. = 100)
- 89
- January / July high
- 40°F / 90°F
- Sales tax (state + local avg)
- 8.44%
Retiring in Missouri
Social Security is fully exempt, costs are low, and two metros offer great hospitals. Watch out: combined sales taxes above 8% in many areas.
How Missouri taxes your retirement income
Social Security: not taxed at all.
Pensions: Public pensions largely exempt; $6,000 exclusion for private pensions.
401(k) and IRA withdrawals: 401(k)/IRA withdrawals taxed above the exclusions.
The setup: Brackets up to 4.7%, falling.
Property tax & senior breaks
The average effective property tax rate is about 0.89% — roughly $2,670 a year ($222 a month) on a $300,000 home. Your county sets the real number.
Help for seniors: New senior property tax freeze (county option) plus a circuit-breaker credit for lower-income owners 65+.
Try your own home value in the Property Tax Estimator.
Everyday costs & sales tax
Overall cost of living runs about 11% below the U.S. average. The combined state and average local sales tax is 8.44%.
Weather
January days top out around 40°F and July days around 90°F, with roughly 202 sunny days a year. Watch out for: Tornadoes and ice storms.
Healthcare
Excellent care in St. Louis (Barnes-Jewish) and Kansas City.