| Index | Springfield | Tennessee | National |
| Cost of living | 94 | 92 | 100 |
| Groceries | 100 | 98 | 100 |
| Health care | 96 | 97 | 100 |
| Housing | 87 | 80 | 100 |
| Transportation | 94 | 97 | 100 |
| Utilities | 98 | 98 | 100 |
| Lifestyle & Entertainment | 97 | 97 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 96 | 97 | 100 |
Understanding the cost of living in Springfield can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Springfield cost of living index is 94, which is 6% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Springfield is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Springfield affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Springfield, for instance, where the median home price falls 14% lower than the national average, and monthly rent rates are 9.8% lower than usual. Additionally, median income levels contribute to the equation, with Springfield flaunting a median household income of $71,850, 11.7% lower than the national norm.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Springfield, the healthcare costs are 4.3% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Springfield, the groceries index is 0.3% higher than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
The cost of living data for Springfield shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $87,066 | $7,256 | $2,031 | $2,612 |
| Renters | $45,011 | $3,751 | $1,050 | $1,350 |
| State | General Sales Tax | With Max Surtax |
| Tennessee | 7% | 9.75% |
| State | Income Tax (Low) | Income Tax (High) |
| Tennessee | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Walnut Grove CDP (Hardin County), TN | 261 | 97 | 2.8% |
| Adairville, KY | 892 | 81 | 19.2% |
| Cedar Hill, TN | 276 | 89 | 10.9% |
| Adams, TN | 623 | 91 | 9.3% |
| Millersville, TN | 6,596 | 100 | 0.1% |
| Springfield, TN | 17,576 | 94 | 5.9% |
| City | Population | Cost of Living Index | National Avg. |
| Poplar Bluff, MO | 17,570 | 86 | 14.1% |
| Wayne, MI | 17,566 | 87 | 12.7% |
| East Cleveland, OH | 17,563 | 80 | 20.2% |
| South Ogden, UT | 17,591 | 106 | 6.2% |
| Islip, NY | 17,559 | 139 | 39.5% |
| Springfield, TN | 17,576 | 94 | 5.9% |
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