Housing costs in Springfield?
A typical home costs
$228,900, which is 32.3% less expensive than the national average of
$338,100 and 58.9% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Springfield costs
$1,230 per month, which is 42.5% cheaper than the national average of
$2,140 and close to the state average of
$1,230.
Can I afford Springfield?
To live comfortably in Springfield (zip 01151), Massachusetts, a minimum annual income of
$43,920 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Springfield?
Living in 01151 Springfield, MA is not cheap. The median home price is around $186,000 and the median household income is slightly over $45,000. Renting a two-bedroom apartment can cost anywhere from $900 to $1,100 a month or more. Groceries and other necessities are typically higher than the national average, as well. Residents of Springfield should be prepared to face higher prices when it comes to everyday items like food, transportation, and utilities. Although living in 01151 Springfield may be expensive compared to other cities and states in the US, its vibrant culture makes it well worth the cost.