Housing costs in Springfield?
A typical home costs
$89,500, which is 73.5% less expensive than the national average of
$338,100 and 63.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Springfield costs
$910 per month, which is 27.8% cheaper than the national average of
$1,260 and close to the state average of
$910.
Can I afford Springfield?
To live comfortably in Springfield (zip 62702), Illinois, a minimum annual income of
$17,280 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 62702 Springfield, IL is generally considered to be very affordable. The city has a median home value of $126,300 and the median household income is $50,255. The cost of basic necessities such as food and transportation costs are competitively lower than the national average. In addition, the city offers an array of entertainment options at reasonable rates. From historical attractions to outdoor activities and cultural events, there are plenty of activities for residents to enjoy without breaking the bank. All in all, Springfield is a great place to live due to its combination of affordability and fun things to do.