Housing costs in Springfield?
A typical home costs
$154,400, which is 54.3% less expensive than the national average of
$338,100 and 21.6% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Springfield costs
$950 per month, which is 3.1% cheaper than the national average of
$980 and 4.2% more than the state average of
$910.
Can I afford Springfield?
To live comfortably in Springfield (zip 45503), Ohio, a minimum annual income of
$29,520 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 45503 Springfield, OH is relatively low compared to other cities across the country. The overall cost of living index for the area is estimated at 89.4, which is 11.6 points below the U.S. average of 100. Housing costs are especially low in Springfield with a median home value of $82,900 and median rent at $686 per month. This affordability makes Springfield a great place for those looking for affordable living options. In addition, groceries, healthcare, and utilities tend to be on the lower end as well, adding to the area's appeal for budget-conscious residents.