Springfield is a mid-sized city in IL with a population of 117,809 residents. With a median home price of $268,017 (23% below the national median) and median household income of $73,194, Springfield is considered moderately affordable with a price-to-income ratio of 3.7x.
The real estate market in Springfield features a median home price of $268,017, which is 23% lower than the U.S. national median of $350,000. Monthly rent averages $1,117, 26% below the national average.
Springfield has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
Springfield offers a median household income of $73,194, which is 5% higher than the national median of $70,000. Residents spend approximately 18% of their income on rent annually, which is within the recommended 30% threshold.
Understanding the climate of Springfield is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how Springfield compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in Springfield is $268,017, with average monthly rent of $1,117. The median household income is $73,194, giving the city a price-to-income ratio of 3.7x.
Yes, Springfield is considered affordable with a price-to-income ratio of 3.7x, which is below the national average of 5x.
Springfield has a population of 117,809 residents, making it the #346 largest city in the United States.
Springfield has a violent crime rate of 345 per 100,000 residents, which is below the national average. The property crime rate is 1393 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
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