16 Cheapest States to Live in the US for Seniors

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15. Missouri

Median home price: $135,700

Health care costs: 4% below the national average

Moderately tax friendly

Only a few moderately tax friendly states found the place on this list, and one of them is Missouri. The state partly taxes social security income (in cases when a retiree’s yearly income exceeds $85,000 to $100,000) and public pensions, while private pensions are fully taxed. Property taxes are below the national average but they are still higher compared to previously mentioned South Carolina (homeowners pay $990 for $100,000 home value). However, residents of Missouri benefit from low healthcare costs, home prices and overall costs of living which are 19% below US’s average. Those who are searching for tranquility can settle in some of many small towns in rural counties while others can move to urban centers such as St. Louis or Kansas City.

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