Springfield (zip 01118), Massachusetts gets a BestPlaces Cost of Living index of 96.2, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 3.8 percent lower than the U.S. average and 24.5 percent lower than the average for Massachusetts.
A typical home costs $275,000, which is 18.7 percent less expensive than the national average of $338,100 and 50.7 percent less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Springfield costs $1,450 per month, which is 32.2 percent cheaper than the national average of $2,140 and 15.2 percent more than the state average of $1,230.
To live comfortably in Springfield (zip 01118), Massachusetts, a minimum annual income of $52,560 for a family, and $46,800 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Springfield (zip 01118) is cheaper than the US average. A cost of living index above 100 means Springfield (zip 01118), Massachusetts is more expensive.
Springfield (zip 01118) cost of living is 96.2