Housing costs in Springfield?
A typical home costs
$145,300, which is 57.0% less expensive than the national average of
$338,100 and 53.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Springfield costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 55.0% cheaper than the state average of
$1,240.
Can I afford Springfield?
To live comfortably in Springfield, Minnesota, a minimum annual income of
$27,720 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in Springfield, MN is fairly low compared to other areas, making it an attractive option for those looking for a more affordable place to call home. Housing costs are generally reasonable, with the median home price being around $151,000 and the median rental price coming in at approximately $750 per month. Utility costs are also very low compared to state averages. In addition, grocery prices and transportation costs are reasonably priced for the area. All of this makes Springfield an attractive option for those looking to save money while still enjoying a high quality of life.