Housing costs in Springfield?
A typical home costs
$133,300, which is 60.6% less expensive than the national average of
$338,100 and 44.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Springfield costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 34.0% cheaper than the state average of
$1,260.
Can I afford Springfield?
To live comfortably in Springfield, Illinois, a minimum annual income of
$25,560 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in Springfield, IL is significantly lower than the US average, with a rating of 75.4 compared to the US average of 100. This means that living costs such as rent, utilities, and food are all relatively cheaper in Springfield compared to other parts of the US. Additionally, the median house value in Springfield is $133300 which is significantly lower than the US average house value of $338,100. Therefore, residents of Springfield can enjoy a high quality of life at a fraction of the price compared to other parts of the country.