Housing costs in Springfield?
A typical home costs
$228,400, which is 32.4% less expensive than the national average of
$338,100 and 7.6% more expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Springfield costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 10.5% cheaper than the state average of
$950.
Can I afford Springfield?
To live comfortably in Springfield Misso Metro Area, Missouri, a minimum annual income of
$43,920 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in the Springfield, MO Metro Area is lower than the national average. At 84.5, it is 15.5 points lower than the US average of 100. This is likely due to the lower house median value in the area, which stands at $228,400 compared to the US average of $338,100. Since housing costs are usually a major factor determining cost of living, this difference could be a significant reason for why life in Springfield is generally cheaper.