Cost of Living in Springfield, MO

Population 169,432 · Missouri · Data vintage 2023

61
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $45,984, median household incomes in Springfield land roughly 38% below the US median, a gap that tends to persist across local labor-market indicators.

Cost Overview

Housing 54
Rent 70

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Springfield

The median home value in Springfield is $165,200 — 46% below the national median of $305,000. Median rent runs $920/month, 30% lower than the national median of $1,314/month. The median household income of $45,984/year is 38% lower than the US median of $74,580. The local unemployment rate is 4.3%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. The climate averages highs of 67.1°F and lows of 45.7°F. Overall, Springfield has a cost of living index of 61 versus the US average of 100, meaning it is 39% less expensive.

🏠 Housing

Median Home Value
$165,200
46% below avg
Zillow Home Value
$238,991
Zillow ZHVI
Median Rent
$920/mo
30% below avg
Zillow Rent
$1,209/mo
Zillow ZORI
Price-to-Rent Ratio
15.0x
Favors buying
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$623
1 BR
$668
2 BR
$826
3 BR
$1,142
4 BR
$1,311
Owner-occupied 42.9%
Renter-occupied 57.1%

💰 Estimated Monthly Budget

Rent median rent
$920
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,534/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
19.6 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.0%

Commute Mode

Drove alone
76.7%
Carpooled
8.3%
Public transit
1.4%
Walked
2.9%
Bicycle
0.5%
Work from home
9.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.0%
Total Sales Tax 8.4%
State rate 4.2%
Avg local rate 4.1%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$45,984
38% below avg
Per Capita Income
$30,864
Unemployment Rate
4.3%
10% below avg
Poverty Rate
19.4%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 18.8%
Graduate degree 11.6%

👥 Demographics

Median Age 33.6
Male median age 32.6
Female median age 34.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
67.1°F
Avg Low
45.7°F
Annual Precip
46.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 434858677584888881695746
Low °F 232635445664686758463527
Precip" 2.442.423.725.206.054.943.873.574.453.603.612.64

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
51.5%
Good air days/yr
122
Max AQI recorded
254
PM2.5 days
111
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

94%
4-Year Graduation Rate
14.6:1
Student-teacher ratio
55
Public schools
25,659
Total enrollment

Frequently Asked Questions

What is the cost of living in Springfield, MO?

Springfield has a cost index of 61 (100 = national average). It is 39% below the national average.

What is average rent in Springfield, MO?

The median gross rent in Springfield is $920 per month based on 2023 Census data.

What is the average home price in Springfield?

The median home value in Springfield is $165,200 according to Zillow and Census data.

What is the median income in Springfield?

The median household income in Springfield is $45,984 per year (2023 ACS 5-year estimates).

What is the sales tax in Springfield, MO?

The combined state and local sales tax rate in Springfield is 8.4%. The Missouri state income tax top rate is 5.0%.

Is Springfield, MO affordable?

Yes, Springfield is generally considered affordable, with a cost of living index of 61 — about 39% below the US national average of 100.

What is the weather like in Springfield?

Springfield has average high temperatures of 67.1°F and average lows of 45.7°F. Annual precipitation is 46.5". Data from NOAA 1991–2020 Climate Normals.

Springfield at a Glance

Population
169,432
Median Income
$45,984
Home Value
$165,200
Median Rent
$920/mo
Unemployment
4.3%
Avg High Temp
67.1°F
Sales Tax
8.4%
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Explore county-level cost of living data

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