Springfield, MA Cost Of Living

Livability

Livability score Score breakdown Commute times City comparison Best nearby cities Livability poll Reviews

Cost of living

Cost of living index Cost of living poll Did you know? City comparison Salary calculator State sales tax Cost of living breakdown Best nearby cities

Crime

Reported annual crime Crime poll Crime heat map Did you know? City comparison Daily crime Year over year crime Best nearby cities

Demographics

Demographics profile Did you know? City comparison Race breakdown Languages spoken Age breakdown Marital status

Employment

Employment information Employment poll Am I middle class? Did you know? City comparison Employment status Median earnings Best nearby cities

Real Estate

Homes for sale Market facts Home affordability Affordability calculator Mortgage calculator Demographics Best nearby cities

Rentals Schools Weather

Current weather Weather poll Average temperature Did you know? City comparison Air quality / pollution Heat index Montly precipitation Best nearby cities

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.
Index	Springfield	Massachusetts	National
Cost of living index	106	131	100
Index	Springfield	Massachusetts	National
Goods & Services index	121	122	100
Groceries index	107	109	100
Health care index	106	121	100
Housing index	82	165	100
Transportation index	108	107	100
Utilities index	122	114	100

The above illustration supplies generalized information for the Springfield, MA cost of living index. Compared to other cities in Massachusetts and cities across the country, the cost of living index in Springfield, MA is 106, which is 19% lower than the Massachusetts average and 6% higher 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, MA are 1% lower than the average for Massachusetts and 21% higher than the rest of the country.

For Sale For Rent

Find real estate listings

Find rental listings

Did you know?

The cost of living in Springfield is 19% lower than the Massachusetts average.
The cost of living in Springfield is 6% higher than the national average.
The cost of housing in Springfield is 18% lower than the national average.
Massachusetts general sales tax is 23% higher than the national average.
Massachusetts state income tax is 129% higher than the national average.

The best places in Massachusetts

Here are the best places to live in Massachusetts

10 best cities to buy a new house in Massachusetts

Check out the 10 safest cities in Massachusetts

Top 10 best public schools in Springfield

Compare Springfield, MA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Springfield, MA 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, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Springfield, MA 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$60,350	$5,029	$1,408	$1,811
Renters	$19,232	$1,603	$449	$577

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Springfield, MA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Springfield, MA homeowners, is $60,350. This would allow for a maximum of $1,408 per month to be spent on housing costs. For renters, the median monthly income is $19,232 which would result in a maximum of $449 to be spent on rental costs.

Massachusetts Sales Tax

State	General Sales Tax	With Max Surtax
Massachusetts	6.25%	6.25%

Massachusetts Income Tax

State	Income Tax (Low)	Income Tax (High)
Massachusetts	5.1%	5.1%

For those who live in Springfield, MA and want to know what the true cost of living is, they ought to look at both the Massachusetts income tax rate and the Massachusetts sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Massachusetts, the sales tax is 6.25%, while the most you'll pay in surtax is 6.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Massachusetts, the income tax rate ranges between 5.1% to 5.1%.

Goods & Services

Item	Springfield	National avg.	Difference
Haircut	$28.20	$17.49	61.2%
Beauty Salon	$47.40	$38.17	24.2%
Toothpaste	$1.75	$2.32	24.6%
Shampoo	$0.99	$1.01	2.2%
Movie	$11.60	$10.72	8.2%
Bowling	$19.00	$13.86	37.1%

Groceries

Item	Springfield	National avg.	Difference
Ground Beef	$3.45	$3.90	11.5%
Fried Chicken	$1.67	$1.40	19.7%
Milk	$1.97	$1.96	0.4%
Potatoes	$3.51	$3.18	10.3%
Pizza	$9.79	$10.39	5.8%
Beer	$10.19	$9.23	10.4%

Health Care

Item	Springfield	National avg.	Difference
Optometrist	$156.20	$106.34	46.9%
Doctor	$115.00	$115.25	0.2%
Dentist	$105.80	$98.38	7.5%
Ibuprofen	$8.89	$9.26	4.0%
Lipitor	$477.60	$466.47	2.4%

Housing

Item	Springfield	National avg.	Difference
Home Price	$146,400.00	$184,700.00	20.7%
Avg. Mortgage Payment	$1,431.64	$1,273.32	12.4%
Apartment Rent	$839.00	$949.00	11.6%

Transportation

Item	Springfield	National avg.	Difference
Gasoline	$2.66	$2.59	2.5%
Tire Balancing	$58.32	$48.90	19.3%

Utilities

Item	Springfield	National avg.	Difference
All Electricity	$238.43	$167.60	42.3%
Phone	$174.02	$163.42	6.5%

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.

City, State	Population	Cost of Living Index	National Avg.
Stafford Springs, CT	5,044	107	7%
Chicopee, MA	56,100	109	9%
Palmer Town, MA	12,145	109	9%
Holyoke, MA	40,280	110	10%
Thompsonville, CT	8,873	111	11%
Springfield, MA	153,991	106	6%

City, State	Population	Cost of Living Index	National Avg.
Macon-Bibb County, GA	153,925	90	-10%
Hayward, CA	154,507	149	49%
Pasadena, TX	153,286	89	-11%
Cary, NC	155,822	113	13%
Salinas, CA	155,889	117	17%
Springfield, MA	153,991	106	6%

Springfield, MA Cost of Living