Housing costs in Springfield?
A typical home costs
$81,400, which is 75.9% less expensive than the national average of
$338,100 and 66.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Springfield costs
$920 per month, which is 27.0% 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 62703), Illinois, a minimum annual income of
$15,480 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 62703 Springfield, IL is relatively affordable. According to the U.S. Cost of Living Index, it has an overall score of 81.4 out of 100, which is below the national average of 85. Housing costs in particular are very reasonable with an index score of 71, which is significantly lower than the national average of 88. In addition, the area boasts a low unemployment rate of 3%, giving residents access to more job opportunities and higher wages compared to other parts of the country. With its low cost of living and plentiful job opportunities, Springfield IL 62703 is an ideal place to live for anyone looking for affordability and stability in their home lives.