Springfield cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSpringfieldIllinoisNational
Cost of living index8999100
IndexSpringfieldIllinoisNational
Goods & Services index10398100
Groceries index10199100
Health care index106101100
Housing index7099100
Transportation index9297100
Utilities index72101100
A general summary of the cost of living index in Springfield, IL is shown above. Compared to the state average of Illinois the cost of living index in Springfield, IL is 89, which is 10% lower than the average in Illinois and compared to the national average it is 11% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Springfield, IL goods and services come in at 5% higher than the average in Illinois and are 3% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Springfield is 10% lower than the Illinois average.
  • The cost of living in Springfield is 11% lower than the national average.
  • The cost of housing in Springfield is 30% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Compare Springfield, IL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Using the salary calculator lets you compare the salary you earn in Springfield, IL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Springfield, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Springfield, IL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,599$5,633$1,577$2,028
Renters$26,426$2,202$617$793
The affordability of the housing market in Springfield, IL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Springfield, IL homeowners, the median income is $67,599. This indicates that a monthly maximum of $1,577 should be spent by homeowners on all housing related costs. Renters have a median income of $26,426. This indicates that renters should have a maximum of $617 used for their rent related monthly costs.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
When you are determining the total cost of living in Springfield, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemSpringfieldNational avg.Difference
Haircut $13.43$14.598.0%
Beauty Salon $33.50$34.683.4%
Toothpaste $2.22$2.4710.2%
Shampoo $0.97$1.025.1%
Movie $10.62$9.877.6%
Bowling $3.67$4.3916.4%

Groceries

ItemSpringfieldNational avg.Difference
Ground Beef $4.72$4.485.4%
Fried Chicken $1.47$1.460.4%
Milk $2.40$2.361.8%
Potatoes $3.73$3.0621.8%
Pizza $9.49$9.242.7%
Beer $7.67$8.6311.2%

Health Care

ItemSpringfieldNational avg.Difference
Optometrist $87.00$99.7812.8%
Doctor $132.50$105.0326.1%
Dentist $83.57$88.705.8%
Ibuprofen $10.01$9.416.4%
Lipitor $315.70$298.505.8%

Housing

ItemSpringfieldNational avg.Difference
Home Price $116,600.00$175,700.0033.6%
Avg. Mortgage Payment $825.57$1,081.0323.6%
Apartment Rent $727.00$920.0021.0%

Transportation

ItemSpringfieldNational avg.Difference
Gasoline $1.83$2.0912.7%
Tire Balancing $47.74$45.295.4%

Utilities

ItemSpringfieldNational avg.Difference
All Electricity$137.18$170.8019.7%
Phone $17.16$28.2639.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Cornland, IL5176-24%
Bulpitt, IL29177-23%
Jeisyville, IL13178-22%
Tovey, IL48380-20%
Kincaid, IL1,66682-18%
Springfield, IL116,81589-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Independence, MO117,16087-13%
Beaumont, TX117,54384-16%
Ann Arbor, MI115,9851055%
Peoria, IL115,71890-10%
Berkeley, CA115,68818282%
Springfield, IL116,81589-11%
Source: The Springfield, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.