Zip 01104 (Springfield, MA) Cost of Living


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Springfield cost of living score
96.2
Less expensive
3.8% lower
than the US average
24.5% lower
than the Massachusetts average
Springfield (zip 01104), Massachusetts gets a BestPlaces Cost of Living score of 96.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 3.8% lower than the U.S. average and 24.5% lower than the average for Massachusetts.

Zip 01104 (Springfield, MA)

Housing costs in Springfield?
A typical home costs $235,300, which is 30.4% less expensive than the national average of $338,100 and 57.8% less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Springfield costs $1,190 per month, which is 44.4% cheaper than the national average of $2,140 and 3.4% cheaper than the state average of $1,230.

Can I afford Springfield?
To live comfortably in Springfield (zip 01104), Massachusetts, a minimum annual income of $45,000 for a family, and $38,400 for a single person is recommended.

What does A.I. say about Springfield?
The cost of living in 01104 Springfield, MA is relatively affordable compared to other U.S. cities. The median household income is around $42,000 annually and the median home value is just over $128,000. Rent prices can also vary, but they generally range from $800 to $1,400 for a one-bedroom apartment. Overall, 01104 Springfield offers an attractive cost of living that is perfect for families or individuals looking for a place to call home without breaking the bank.
   Cost of living score
     CategoriesSpringfieldMassachusettsUnited States
  96.2127.5100.0
  103.6108.9100
  91.390.2100.0
  71.5175.0100.0
  $235,300$557,300$338,100
  107.0%112.9%100.0%
  91.7107.9100.0
  125.0147.9100.0

   100=National Average

   Average Rent by Bedroom Size
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