Kansas – Retirement Guide

Kansas   Retirement Guide

Nestled in the heart of America’s Midwest, Kansas is a center for agriculture and small, close-knit communities. While most retirees in Kansas have spent their lives in the state, a number of people have recognized the value of living in Kansas: a low cost of living, affordable real estate (the median home price is $125,000), and a low top income tax rate of 4.9%. Additionally, Social Security is exempt for residents making less than $75,000 per year in income, and people over 55 are eligible for sizeable refunds on property taxes.

While monetary concerns often play a role in deciding whether to relocate, Kansas also attracts retirees thanks to its charming small towns, historic neighborhoods, and lovely rural scenery.

For retirees who thrive in a more urban environment, Kansas does boast its fair share of decent-sized cities, like Wichita and Kansas City. That said, it’s typically smaller towns, such as Lawrence or Ottawa that draw retirees.

Pros: Rich agricultural heritage, small, close-knit communities
Con: The area is prone to tornadoes in summer

At a Glance:
Best For: Small-town seekers
Population: 2,885,905
Cost of Living: 12% lower than national average
Median Home Cost: $125,000
Unemployment: 5.5%
Top State Income Tax: 4.9%

Home to University of Kansas, Lawrence has a liberal lean, and a charming center with coffeehouses, microbreweries and a lively music scene. Ottawa, on the other hand, is filled with historic charm, and residents enjoy many annual festivals, farmers markets and nearby cultural attractions.

Kansas is also home to a number of military bases, and may make an attractive destination for military retirees, thanks in part to the state’s tax exemptions for military pensions.

Photo by  JamesWatkins via Flickr. All statistics were up to date as of publication. See these sources for the most current data.