Housing costs in Springfield?
A typical home costs
$523,900, which is 55.0% more expensive than the national average of
$338,100 and 21.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Springfield costs
$2,210 per month, which is 54.5% more than the national average of
$1,430 and 22.6% more than the state average of
$1,710.
Can I afford Springfield?
To live comfortably in Springfield (zip 07081), New Jersey, a minimum annual income of
$100,440 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 07081 Springfield, NJ is slightly higher than the national average. According to Cost of Living data gathered by Sperling's Best Places, the overall cost of living index for 07081 is at 113.3, which is 13.3% higher than the U.S. average of 100. Housing costs make up a large portion of the cost of living expenses in Springfield – with an index score of 173 – that’s 73% higher than the national average. Groceries and utilities are also more expensive in Springfield, though not as significantly as housing costs; they both have index scores around 125-130%. Transportation has an index value near to the national average, at 99%.