Living in Springfield, MA
Springfield, Massachusetts is a moderately-sized city with a population of 153,991 people. Springfield has a population density of 4,832 people per square mile. This would be considered well above the national population density level. More than a quarter of the residents of Springfield identify themselves as Hispanic or Latino, and 33% of the population speak Spanish as their primary or secondary language. Springfield could be a great place for young adults and students as the average age of 33 years old is below the nation’s average. Springfield is very likely to be a great place to live for singles as only 46%, of the population (over fifteen) is classified as married.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Springfield, Massachusetts could be a positive experience for anyone who puts in the time to do the research required. To help you find the best places to live in and around Springfield, AreaVibes has created a livability score using key metrics like amenities, cost of living, education, employment, housing and more.
With a livability score of 55/100, Springfield is ranked #27,019 in the United States and #243 in Massachusetts. Compared to the national average, this city has a score which ranks among the lowest in the nation, and it is not considered a very livable city. Something also worth noting is that Springfield ranks among some of the lowest scoring cities in the USA, with more than 90% of cities obtaining a higher score. Based on the grades for each individual category, Springfield has received high marks for amenities (A+). There are some categories that Springfield does not rank well for, including: crime (F), weather (D-), education (F), employment (F) and housing (F). It might be worth taking a closer look to find out why.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Springfield is real estate affordability. The median home price for Springfield homes is $146,400, which is 57.1% lower than the Massachusetts average. If we take a closer look at the affordability of homes in Springfield, we’ll see that the home price to income ratio is 4.1, which is 14.6% lower than the Massachusetts average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Springfield were 8.9%, and the 5 year appreciation rates came in at 5.3%.
