5 Best Places in Missouri for a Couple To Live on Only Social Security

This article takes a look at the 5 best places in Missouri for a couple to live on only Social Security. If you wish to read our detailed analysis of how the COVID-19 pandemic has impacted retirement in the US, you may go to 15 Best Places in Missouri for a Couple to Live on Only Social Security.

5. Carthage

Insider Monkey Score: 86

Livability Score: 69

IM Cost of Living: 78.8

Median Two-Bedroom Rental: $691

Starting off our top five for the best places in Missouri for a couple to live on only social security is the Jasper County city of Carthage. With median rent below the $700 mark and a cost of living that is an estimated 20% lower than the national average, Carthage retirees will have some income left over to make their retirement a little easier. Called ‘America’s Maple Leaf City’, Carthage features bowling alleys, art galleries, and parks among other attractions.

4. Poplar Bluff

Insider Monkey Score: 87

Livability Score: 68

IM Cost of Living: 74

Median Two-Bedroom Rental: $750

Set in Missouri’s southeast region, the city of Poplar Bluff is popularly called ‘The Gateway to the Ozarks’. Some of its renowned attractions include the Mo-Ark Regional Railroad Museum, the Poplar Bluff Museum, and the Ozark Ridge Golf Course. Retirees living on a Social Security income will find the city particularly accommodating with its lower-than-national-average cost of living and reasonable rental figures.

3. Webb City

Insider Monkey Score: 89

Livability Score: 76

IM Cost of Living: 79.7

Median Two-Bedroom Rental: $895

With Webb City, we bring another Jasper County pick to retirees. A city with a small population of just over 13,000 at the time of the last United States Census, the Webb City district’s history is tied to its abundant lead and zinc deposits which brought in people from all across and led to the area’s development. Today, residents can shop at the Webb City Farmers Market, browse literature at the Webb City Public Library, and catch a film at the Route Sixty Six Theater. The city also offers a range of dining options including WildFire Pizza and Pub and the New Webb City Cafe.

2. Ste. Genevieve

Insider Monkey Score: 92

Livability Score: 71

IM Cost of Living: 77

Median Two-Bedroom Rental: $435

The number two spot goes to the city of Ste. Genevieve which is located in a county of the same name. With the lowest median rental figure on our list, a Ste. Genevieve retirement allows retired couples living on Social Security to spend on something other than the necessities. Not only does this make their hard-earned retirement something to look forward to, but also helps them escape financial stress. Residents of the city can visit the Ste. Genevieve Museum Learning Center, the Music Art Love Art Gallery, and Sirros Family Restaurant to finish off the day with a great meal.

1. Jefferson City

Insider Monkey Score: 94

Livability Score: 82

IM Cost of Living: 81.8

Median Two-Bedroom Rental: $850

Taking the top spot is the state of Missouri’s capital, Jefferson City. With a relatively affordable cost of living that is 18.2% lower than the national average and a high livability score of 82 – which is indicative of the city’s quality of life – Jefferson City retirees get the best of both worlds. With a suburban feel, residents have access to all necessary amenities such as a hospital, grocery stores, shopping malls, and a post office, to name a few.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 20 Most Urbanised Countries in Asia and 35 Most Dangerous Cities in the World.