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.