Housing costs in Springfield?
A typical home costs
$314,200, which is 7.1% less expensive than the national average of
$338,100 and 13.3% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Springfield costs
$1,190 per month, which is 11.2% more than the national average of
$1,070 and 16.0% cheaper than the state average of
$1,380.
Can I afford Springfield?
To live comfortably in Springfield (zip 37172), Tennessee, a minimum annual income of
$60,120 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in Springfield, TN (37172) is generally quite affordable. The median home price is around $145,000 and the median household income is about $44,000. Rent prices are also relatively low compared to other places in the country, with the median rent being around $750. Food expenses are reasonable as well, with groceries costing around 9-13% less than the national average. Utilities costs are also lower than the national average at 8% less for electricity and 13% less for natural gas. All in all, Springfield is an inexpensive place to live with a lot of potential for growth and opportunities.