Housing costs in Springfield?
A typical home costs
$160,600, which is 52.5% less expensive than the national average of
$338,100 and 18.5% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Springfield costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$980.
Can I afford Springfield?
To live comfortably in Springfield O Metro Area, Ohio, a minimum annual income of
$30,600 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in the Springfield, OH Metro Area is significantly lower than the US average. At 77.6, it is nearly 23 points below the nationwide average. This provides a great opportunity for those looking to invest in housing and take advantage of the relatively low house median value of $160,600. Despite being 22% lower than the US median value, Springfield still offers many of the amenities and services that larger cities do. With its more affordable cost of living, Springfield is an attractive option for families and individuals alike.