Housing costs in Springfield?
A typical home costs
$191,900, which is 43.2% less expensive than the national average of
$338,100 and 1.2% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Springfield costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 21.1% cheaper than the state average of
$920.
Can I afford Springfield?
To live comfortably in Springfield (zip 40069), Kentucky, a minimum annual income of
$36,720 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Springfield?
Living in 40069 Springfield, KY is quite affordable. The cost of living index in this area is 84.4, which is much lower than the national average of 100. This means that the cost of living here is 15.6% lower than average for the country. Housing costs are also much lower than other areas, with an index of 66.2 compared to 100 nationally, representing a 33.8% savings on average. Groceries and health care tend to be slightly higher than the national average but overall this area has a very low cost of living and provides a great option for people looking to save money while still having access to amenities like schools, parks, stores, restaurants, etc.