Housing costs in Springfield?
A typical home costs
$149,700, which is 55.7% less expensive than the national average of
$338,100 and 73.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Springfield costs
$1,270 per month, which is 40.7% cheaper than the national average of
$2,140 and 3.1% more than the state average of
$1,230.
Can I afford Springfield?
To live comfortably in Springfield (zip 01103), Massachusetts, a minimum annual income of
$28,800 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 01103 Springfield, MA is slightly higher than the national average. The median home value in this area is $179,100, which is slightly higher than the national median home value of $184,700. In addition, the cost of groceries and other goods are also higher than in neighboring cities and towns. Overall, the cost of living in 01103 Springfield, MA is slightly above average and may be a deterrent for those looking to purchase a home in the area.