Retire in Kansas City

Affordability

Find out how much it costs to live in Kansas City.

Cost of Living

Kiplinger Rating:

Mixed

State Income Tax:

2.7-4.6%

Social Security Tax?

Mixed

County + State Sales Tax

9.1%

Property Tax Rate *

1.7%

Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *

315

* 2008-2010

Cost of Living Index (100=average):

94.8

Housing + transportation costs as % of income:

47%

Tax Details

State Sales Tax Breaks for Seniors:

None

Pensions Taxed?

Yes

Tax burden: % income going to state and local taxes:

9.5%

Inheritance and estate taxes (per Kiplinger):

None

Taxing of other retirement income (per Kiplinger):

Yes

Property Tax Break for Seniors (per Kiplinger):

Homeowners 55 and older who earn $33,400 or less are eligible for a refund of up to $700 under the Homestead Property Tax Refund Act (note: 50% of Social Security benefits can be excluded from income for the purposes of qualifying for this program).\n\nA Safe Senior property tax refund is available for homeowners 65 or older with household income of $18,900 or less. The refund is 75% of the property taxes paid. The appraised value of the home cannot exceed $350,000 in order to receive this refund. Those who claim this refund cannot claim a Homestead refund.\n

 

For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

Real Estate

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Real Estate overview not available for Kansas City

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Work Potential

  • Area
  • National Average

5 Largest Companies

  • DST Systems Inc
  • Ford Motor Company
  • Hallmark Cards, Inc
  • Health Midwest
  • St. Luke’s-Shawnee Mission Health Systems

GDP Growth Last 3 Years

11.3%

Income Growth Last 3 Years

5.3%

Employment Growth Last 3 Years

5.7%

Top Industries Hiring

  • Administrative and support and waste management and remediation services
  • Construction
  • Transportation and warehousing
  • Health care and social assistance
  • Manufacturing

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

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