Cost of Living in Springfield, MA
2024 data from the Bureau of Economic Analysis
Cost Index
96.1
3.9% below avg
Housing Index
75.8
Median Income
$70,547
Median Rent
$1,095/mo
Cost Breakdown
Overall96.1 (-3.9%)
Housing75.8 (-24.2%)
Goods97.0 (-3.0%)
Utilities155.0 (+55.0%)
Other Services101.2 (+1.2%)
National average = 100
Income & Housing
Median Household Income
$70,547/year
Median Home Value
$278,900
Median Monthly Rent
$1,095/mo
Per Capita Income
$38,068/year
Compare Springfield, MA With
Springfield, MA vs York, PASpringfield, MA vs Vineland, NJSpringfield, MA vs Racine, WISpringfield, MA vs Logan, UTSpringfield, MA vs Buffalo, NYSpringfield, MA vs Nashville, TNSpringfield, MA vs Midland, TXSpringfield, MA vs Syracuse, NYSpringfield, MA vs Kankakee, ILSpringfield, MA vs Wilmington, NC
Frequently Asked Questions
Is Springfield, MA expensive to live in?
Springfield, MA has a cost of living index of 96.1, which is 3.9% below the national average.
How much does housing cost in Springfield, MA?
Housing costs in Springfield, MA are indexed at 75.8 compared to the national average of 100. The median monthly rent is $1,095.
What is the average income in Springfield, MA?
The median household income in Springfield, MA is $70,547 per year.
What is the average home price in Springfield, MA?
The median home value in Springfield, MA is $278,900.