Housing costs in Springfield?
A typical home costs
$243,500, which is 28.0% less expensive than the national average of
$338,100 and 56.3% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Springfield costs
$1,320 per month, which is 38.3% cheaper than the national average of
$2,140 and 6.8% more than the state average of
$1,230.
Can I afford Springfield?
To live comfortably in Springfield (zip 01119), Massachusetts, a minimum annual income of
$46,800 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 01119 Springfield, MA is relatively low compared to other areas of the state. The median home price is around $122,000, which is much lower than the state average. The median household income is about $39,800 per year, which is close to the national average. Additionally, the cost of groceries and other goods are also quite reasonable compared to other cities in Massachusetts. Overall, living in 01119 Springfield can be an affordable option for those looking for a place to call home in the Bay State.