Retire in Kansas
Kansas, population almost 2.8 million in 2006, is a midwestern state in the heart of America. Kansas is the Sunflower State and its capital is Topeka. This page will provide some basic information about what it is like to retire in Kansas. The Kansas Rivers runs through this state. Agriculture is extremely important along with military bases and manufacturers such as Cessna. The Wikipedia entry for Kansashas additional facts.
The reviews on this site can help you make a more informed choice about where to retire in Kansas or other states - there is important information about real estate prices; what makes each community special and not so special; along with important information about the cultural, economic, medical, and transportation infrastructure.
The Kansas climate is humid-continental, influenced by the Gulf of Mexico and from the northwest. Summers are hot and humid with frequent thunderstorms and occasional tornados.
Economy and Real Estate Prices
Kansas's per capita income at $30,811, a bit below the U.S. average. Median home prices are much less expensive than in the rest of the U.S. The median home value in the state was $139,000 in January 2012. In Kansas City the median home went for $133,100 in the first quarter of 2013 and the cost of living index is 88; in Topeka the median home price in the same period was $98,900 and the cost of living, 79.
Tax Burden: Total tax burden in Kansas is 19th highest in US.
Marginal Income Tax Rates. Kansas has a 6.45% income tax on the top bracket that starts at $30,000.
Retirement Income Exemptions. Military and Kansas state/local pension incomes are exempt.
Social security exemption. Taxpayers with total adjusted gross income under $75,000 have an exemption for their social security income.
Sales Tax: State sales tax is 6.3%, food is taxable.
Property Taxes: Property is taxed at its fair market value.
Homestead Exemption. Through the Homestead Property Tax Refund Act, homeowners 55 and older who earn $30,800 or less are eligible for a refund of up to $700.
Estate and/or Inheritance Taxes. There are two different estate taxes set to retire in 2017 and 2020 respectively.
Link to the Kansas Department of Revenue.
Certified Retirement Communities
Kansas does not have a certified retirement community program.
Best retirement communities in Kansas
Kansas has several towns that make great retirement communities; there are also planned retirement communities. One of the best places to retire in Kansas is the college town of Lawrence, home of the University of Kansas. Lawrence is the cultural center for the area. Other popular places for retirement communities are Topeka, Wichita, the college town of Olathe, Overland Park, Abilene, Mission Hills, and Emporia.
At Topretirements.com our reason for being is to provide the practical facts and peer-reviewed profiles to help you choose the right retirement community. So if you are considering an Kansas retirement, check out the more than 200 listings on this site. Here is more inside information on retirement living communities in the neighboring states to help you retire in Colorado, Arkansas, Texas, New Mexico, Oklahoma, Missouri, and Illinois. These links provide insight and data into economic conditions, climate, top communities, and taxes.
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