Housing costs in Springfield?
A typical home costs
$230,900, which is 31.7% less expensive than the national average of
$338,100 and 58.6% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Springfield costs
$1,280 per month, which is 40.2% cheaper than the national average of
$2,140 and 3.9% more than the state average of
$1,230.
Can I afford Springfield?
To live comfortably in Springfield (zip 01109), Massachusetts, a minimum annual income of
$44,280 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 01109 Springfield, MA is relatively high compared to other parts of the country. The average home costs around $180,000, which is far higher than most other towns and cities. Groceries, utilities, and transportation are all more expensive than many other places due to the higher taxes and cost of doing business in Springfield. Additionally, the unemployment rate is higher than the national average at 6.3%. Despite this, there are still many activities for families to enjoy that are affordable such as visiting one of the city's three museums or taking a leisurely stroll through Forest Park. Overall, while there may be a higher cost of living in Springfield it has much to offer its residents.