Springfield, Missouri Tapped As Budget-Friendly Retirement Spot

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Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 27th city on the list — Charleston, South Carolina. This week, we look at Springfield, Missouri, and found three great homes — all for less than $350,000.

“Springfield is an inexpensive place to live: the median income is around $34,000, and rent can be less than $700 per month,” MoneyWise said. “Median home prices come in at just over $100,000.”

“You will see some snow in the winter and summers can be hot, but not extreme. The city has three hospitals, as well as extensive home care offerings.”

Want to see examples of what you can find in Springfield? Head over to SecondShelters.com.

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Bethany Erickson

Bethany Erickson lives in a 1961 Fox and Jacobs home with her husband, a second-grader, and Conrad Bain the dog. If she won the lottery, she'd by an E. Faye Jones home. She's taken home a few awards for her writing, including a Gold award for Best Series at the 2018 National Association of Real Estate Editors journalism awards, a 2018 Hugh Aynesworth Award for Editorial Opinion from the Dallas Press Club, and a 2019 award from NAREE for a piece linking Medicaid expansion with housing insecurity. She is a member of the Online News Association, the Education Writers Association, the International Academy of Digital Arts and Sciences, and the Society of Professional Journalists. She doesn't like lima beans or the word moist.

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