Housing costs in Springfield?
A typical home costs
$193,900, which is 42.7% less expensive than the national average of
$338,100 and 65.2% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Springfield costs
$1,000 per month, which is 53.3% cheaper than the national average of
$2,140 and 23.0% cheaper than the state average of
$1,230.
Can I afford Springfield?
To live comfortably in Springfield (zip 01105), Massachusetts, a minimum annual income of
$37,080 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 01105 Springfield, MA is relatively affordable compared to other cities and towns in the region. The median home price is around $141,800 (according to Zillow) and rental prices for a one bedroom apartment average around $750 per month. Utilities, food costs, transportation expenses, and health care are all generally well below the national averages for comparable communities. This makes 01105 Springfield an ideal place for anyone looking to move into the area while still staying within their budget.