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.
IndexSpringfieldOhioNational
Cost of living index8791100
IndexSpringfieldOhioNational
Goods & Services index10496100
Groceries index10799100
Health care index9196100
Housing index5476100
Transportation index9695100
Utilities index101101100
The above illustration supplies generalized information for the Springfield, OH cost of living index. Compared to other cities in Ohio and cities across the country, the cost of living index in Springfield, OH is 87, which is 4% lower than the Ohio average and 13% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Springfield, OH are 8% higher than the average for Ohio and 4% higher than the rest of the country.

Did you know?

  • The cost of living in Springfield is 4% lower than the Ohio average.
  • The cost of living in Springfield is 13% lower than the national average.
  • The cost of housing in Springfield is 46% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Springfield, OH to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Springfield, OH, then you would need to earn more income in order to maintain the same standard of living. To use the Springfield, OH salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,353$4,029$1,128$1,451
Renters$20,855$1,738$487$626
The affordability of the housing market in Springfield, OH 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, OH homeowners, the median income is $48,353. This indicates that a monthly maximum of $1,128 should be spent by homeowners on all housing related costs. Renters have a median income of $20,855. This indicates that renters should have a maximum of $487 used for their rent related monthly costs.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%
When assessing the complete cost of living in Springfield, OH, the Ohio income tax and the Ohio sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Ohio maximum surtax is 8%, and the Ohio sales tax is 5.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.528% to 5.333% in Ohio.

Goods & Services

ItemSpringfieldNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $47.40$34.6836.7%
Toothpaste $2.87$2.4716.0%
Shampoo $1.25$1.0222.3%
Movie $11.63$9.8717.9%
Bowling $5.50$4.3925.2%

Groceries

ItemSpringfieldNational avg.Difference
Ground Beef $5.49$4.4822.6%
Fried Chicken $1.91$1.4630.5%
Milk $2.29$2.362.8%
Potatoes $3.39$3.0610.7%
Pizza $8.39$9.249.2%
Beer $7.99$8.637.4%

Health Care

ItemSpringfieldNational avg.Difference
Optometrist $86.35$99.7813.5%
Doctor $78.50$105.0325.3%
Dentist $84.00$88.705.3%
Ibuprofen $9.01$9.414.3%
Lipitor $304.35$298.502.0%

Housing

ItemSpringfieldNational avg.Difference
Home Price $83,000.00$181,400.0054.2%
Avg. Mortgage Payment $811.81$1,081.0324.9%
Apartment Rent $638.00$889.0028.2%

Transportation

ItemSpringfieldNational avg.Difference
Gasoline $2.02$2.093.3%
Tire Balancing $41.99$45.297.3%

Utilities

ItemSpringfieldNational avg.Difference
All Electricity$144.29$170.8015.5%
Phone $34.95$28.2623.7%
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.
Highland Holiday, OH45081-19%
South Solon, OH50386-14%
Christiansburg, OH43187-13%
Crystal Lakes, OH1,01888-12%
Mechanicsburg, OH1,87382-18%
Springfield, OH60,72887-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Burnsville, MN60,6761088%
Meriden, CT60,67411717%
Kissimmee, FL60,83093-7%
Waltham, MA60,83614949%
Eden Prairie, MN60,84312121%
Springfield, OH60,72887-13%
Source: The Springfield, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.