Housing costs in Springfield?
A typical home costs
$290,000, which is 14.2% less expensive than the national average of
$338,100 and 20.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Springfield costs
$1,070 per month, which is 15.1% cheaper than the national average of
$1,260 and 15.0% more than the state average of
$910.
Can I afford Springfield?
To live comfortably in Springfield (zip 62711), Illinois, a minimum annual income of
$55,440 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 62711 Springfield, IL is quite reasonable. According to the Cost of Living Index, the city has an overall score of 86.4, which is 14.6% lower than the national average. This means that basic necessities such as food, clothing, and housing are all relatively affordable when compared to other parts of the country. The median home price is around $121,300, which makes it an attractive option for those looking to purchase a home without breaking the bank. Additionally, transportation costs are relatively low due to its central location within the state, and there are plenty of job opportunities available for those looking to make a living in this area.