Cost of Living in Springfield, IL
2024 data from the Bureau of Economic Analysis
Cost Index
92.7
7.3% below avg
Housing Index
71.6
Median Income
$72,445
Median Rent
$921/mo
Cost Breakdown
Overall92.7 (-7.3%)
Housing71.6 (-28.4%)
Goods93.6 (-6.4%)
Utilities90.4 (-9.6%)
Other Services99.6 (-0.4%)
National average = 100
Income & Housing
Median Household Income
$72,445/year
Median Home Value
$163,400
Median Monthly Rent
$921/mo
Per Capita Income
$41,393/year
Compare Springfield, IL With
Springfield, IL vs Slidell, LASpringfield, IL vs Blacksburg, VASpringfield, IL vs Yuma, AZSpringfield, IL vs Champaign, ILSpringfield, IL vs Dayton, OHSpringfield, IL vs Eau Claire, WISpringfield, IL vs Utica, NYSpringfield, IL vs Corpus Christi, TXSpringfield, IL vs Wausau, WISpringfield, IL vs South Bend, IN
Frequently Asked Questions
Is Springfield, IL expensive to live in?
Springfield, IL has a cost of living index of 92.7, which is 7.3% below the national average.
How much does housing cost in Springfield, IL?
Housing costs in Springfield, IL are indexed at 71.6 compared to the national average of 100. The median monthly rent is $921.
What is the average income in Springfield, IL?
The median household income in Springfield, IL is $72,445 per year.
What is the average home price in Springfield, IL?
The median home value in Springfield, IL is $163,400.