Cost of Living in Springfield: A Detailed Guide
Introduction
If you’re considering moving to Springfield, you’re probably wondering about the cost of living. Springfield is the third-largest city in Missouri and has a population of over 160,000 people. It’s known for its beautiful parks, historic sites, and affordable housing. In this article, we’ll take a detailed look at the cost of living in Springfield and provide you with valuable insights to help you make an informed decision.
What is the Cost of Living in Springfield?
The cost of living in Springfield is lower than the national average. According to Numbeo, the cost of living index in Springfield is 70.68, which is 29.32% lower than the national average. Housing is the most significant factor in the cost of living in Springfield, with the average home price being $146,000. The median household income in Springfield is $38,000, which is lower than the national average.
Housing Costs in Springfield
As mentioned earlier, housing is the most significant factor in the cost of living in Springfield. The average home price in Springfield is $146,000, which is significantly lower than the national average of $231,000. Renting is also affordable in Springfield, with the average rent for a one-bedroom apartment being $600 per month.
Transportation Costs in Springfield
Transportation costs in Springfield are also lower than the national average. The average cost of a gallon of gas in Springfield is $2.50, which is lower than the national average of $2.87. The city also has a reliable public transportation system, with bus fares starting at $1.50 per ride.
Food Costs in Springfield
Food costs in Springfield are also lower than the national average. According to Numbeo, the average cost of a meal at an inexpensive restaurant in Springfield is $10, while the average cost of a three-course meal for two at a mid-range restaurant is $50. Groceries are also affordable, with the average cost of a gallon of milk being $2.50 and a loaf of bread being $1.50.
FAQs
1. Is Springfield a good place to live?
Yes, Springfield is a great place to live. It has a low cost of living, beautiful parks, and a vibrant downtown area. The city also has excellent schools and a low crime rate.
2. What is the average salary in Springfield?
The median household income in Springfield is $38,000, which is lower than the national average. However, the cost of living in Springfield is also lower than the national average, making it an affordable place to live.
3. What is the average home price in Springfield?
The average home price in Springfield is $146,000, which is significantly lower than the national average of $231,000.
Conclusion
In conclusion, the cost of living in Springfield is lower than the national average, making it an affordable place to live. Housing is the most significant factor in the cost of living, with the average home price being $146,000. Transportation and food costs are also lower than the national average. Springfield is a great place to live, with beautiful parks, a vibrant downtown area, and excellent schools. If you’re looking for an affordable place to live, Springfield should be at the top of your list.
