Springfield, Massachusetts gets a BestPlaces Cost of Living index of 96.2, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 3.8 percent lower than the U.S. average and 24.5 percent lower than the average for Massachusetts.
A typical home costs $240,800, which is 28.8 percent less expensive than the national average of $338,100 and 56.8 percent less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Springfield costs $1,260 per month, which is 11.9 percent cheaper than the national average of $1,430 and 69.8 percent cheaper than the state average of $2,140.
To live comfortably in Springfield, Massachusetts, a minimum annual income of $46,080 for a family, and $40,800 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Springfield is cheaper than the US average. A cost of living index above 100 means Springfield, Massachusetts is more expensive.
Springfield cost of living is 96.2