Housing costs in Springfield?
A typical home costs
$299,300, which is 11.5% less expensive than the national average of
$338,100 and 7.9% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Springfield costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 9.3% more than the state average of
$1,070.
Can I afford Springfield?
To live comfortably in Springfield, Tennessee, a minimum annual income of
$57,240 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in Springfield, TN is very reasonable. Prices for basic goods and services are generally lower than the national average, making the city an attractive option for those looking for an affordable place to live. Housing prices in particular are quite low, with median home values being approximately 50% lower than the national average. Additionally, transportation costs are also low due to its close proximity to nearby cities such as Nashville and Franklin. In short, Springfield is a great option for anyone looking for a budget-friendly place to call home.