Housing costs in Springfield?
A typical home costs
$146,600, which is 56.6% less expensive than the national average of
$338,100 and 39.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Springfield costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 38.5% cheaper than the state average of
$1,260.
Can I afford Springfield?
To live comfortably in Springfield Illin Metro Area, Illinois, a minimum annual income of
$28,080 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in the Springfield, IL Metro Area is 79.4, which is significantly lower than the national average of 100. This makes the area very attractive for those looking to purchase a home or rent an apartment due to the lower costs associated with homeownership and rental properties. The median value of homes in this area is $146,600, which is well below the national average of $338,100. In addition to the lower housing costs, there are also many other things such as food and entertainment that can be found at much lower prices in Springfield than in other parts of Illinois and the United States. This makes it an ideal place for people to spend their money while still enjoying all that the city has to offer.