Housing costs in Springfield?
A typical home costs
$301,000, which is 11.0% less expensive than the national average of
$338,100 and 46.0% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Springfield costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 74.0% cheaper than the state average of
$2,140.
Can I afford Springfield?
To live comfortably in Springfield Massachuse Metro Area, Massachusetts, a minimum annual income of
$57,600 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in the Springfield, MA Metro Area is lower than the national average. According to data from the US Average Cost of Living Index, the average cost of living in Springfield is 98.2, while the US average is 100. This means that for those looking to make a move to Springfield, living costs could be more affordable. However, it should be noted that while the cost of living may be lower, so too is the median house value - in Springfield it stands at $301,000 compared with the national average of $338,100.