Jefferson City, MO received America's Most Beautiful Small Town recognition. The city has a lot to offer visitors and residents alike. Jefferson City has something for everyone, from its scenic beauty to its economy, prospects, premier commercial and educational institutions, outstanding health care, entertainment, and recreational opportunities. Jefferson City has all the conveniences and possibilities of a larger city. But with a population of only over 43,000 people, it is simple to get around. Making friends, getting to know neighbors, and becoming involved has never been easier. Get to know more about this beautiful city by reading this:
Quick Facts
- President Thomas Jefferson inspired the name Jefferson City.
- Jefferson City has a median family income of $68,389 and a poverty rate of 11.93%.
- In recent years, the median rental cost has been $653 per month, with a median dwelling value of $161,400.
- Jefferson City is increasing at a 0.03% annual rate, and its population has expanded by 0.07%.
- Jefferson City has a population of 43,258 in 2020.
Jefferson City, MO in a Nutshell
Jefferson City is a thriving town with a terrific quality of life. Here, civic leaders and local governments collaborate to build and improve the economy. Jefferson City is a terrific place to live and work with a median income near the national average. Additionally, the cost of living is approximately 18% lower than the national average. And, the city boasts a low unemployment rate. It is a guarantee that the city's breathtaking beauty and charm will make people fall in love. Its kind and friendly people will leave a lasting impression.
Jefferson City, along the Missouri River, is an impressive capital with its amenities. As mentioned, there are certain capital-city facilities as well as many historic structures. Attractions, particularly near the waterfront are also in the city. Nearby water and state parks, like Lake of the Ozarks State Park, offer outdoor activities. The economy is reliant on the state government. For a capital city, the cost of living is modest. The majority of culture and entertainment are only around the corner in Columbia. The neighboring city is also home to the University of Missouri.
Economy
The economy of Jefferson City derives its earnings from residents and tourists. For example, the government, health care, and manufacturing are some contributors. Retail, education, and tourist industries also contribute to Jefferson city's economy. Jefferson City is home to the headquarters of many notable companies. Some examples include Central Bancompany, Hawthorn Bancshares, and Capital Region Medical Center. Central Dairy, which supplies goods statewide, is also in Jefferson City. The city also draws tourists from all over the country. The Missouri State Capitol and St. Peter Church Missouri State Penitentiary attracts visitors. Additionally, Missouri Governor's Mansion and State Museum also contribute to the city's tourism. Lincoln University also ranks high among renowned institutions. The university was a top educational institution for international students. As a result, it attracts students and tourists from various states and nations.
Employment
Jobs may be scarce in other states, but not in Jefferson City. There is a lower unemployment rate here compared to the national average. Because it is lower than the national average, it is easier to find amazing jobs here. Those who want to start over do not need to worry. For a balanced work demand or adequate health care, Jefferson City is the place to go. Aerospace, publishing, agriculture, biotechnology, and other industries have prominence in Jefferson City. Given the high levels of employment, it would be simple to begin a new career here. Most positions in the state of Missouri do not pay well, but they are steady. According to residents, Jefferson City also provides adequate health and life insurance coverage. Additionally, they expressed that retirement is small, but it is there for those who save.
Real Estate in Jefferson, MO
According to data, Jefferson City is currently one of the hottest home markets in the country. According to realtor.com, its market ranked fifteenth in the nation for house demand in April. But, mortgage rates are also rising in tandem with the Federal Reserve's rate. So, concerns about the housing market pricing out buyers will persist. A 30-year fixed-rate mortgage now has an interest rate of roughly 6%. Borrowing money is only getting more expensive. Moreover, most real estate investors have stated that they do not expect house prices to fall. They think that the rate will expand at a slower pace. The average home value in Jefferson City is $161,400. This number is often adjusted and only includes residences in the middle price range. But, there are hints that the real estate market will be swinging and favoring a little toward the buyer. According to data, home builders have begun to decrease prices for new homes as demand has slowed.
Real Estate Trends
According to the National Association of Realtors, home sales were down 8.6% year on year recently. This number is the fourth month in a row that activity has decreased. Experts believe that distressed sales will not be something to worry about. But, a price drop can happen if the economy is so poor. Jefferson City home prices continue to rise even in the previous months. So, despite the predictions, the outcome persists. Homes in Jefferson City sell in 7 days on average, compared to 39 days last year. From the previous month, 44 residences sold, down from 75 the previous year.
Final Thoughts
So there you have it: the advantages and disadvantages of relocating to Jefferson City, MO. It is critical to conduct preliminary research to see if moving to the city is the correct decision. Missouri has a lot going for it, particularly in recreational options. Its welcoming atmosphere is also ideal for folks who dislike major cities. Jefferson City is also not as crowded and has lower housing expenses. All in all, Jefferson City is a great place to settle down if you'd like to establish in the midwest.
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