Cost of Living in Springfield, TN
Population 18,985 · Tennessee · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Springfield a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $235,000. Around 21% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Geographically, Springfield sits roughly 25 miles north of Nashville-Davidson. Median home values run roughly 39% lower than Nashville-Davidson's $383,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Springfield
The median home value in Springfield is $235,200 — 23% below the national median of $305,000. Median rent runs $1,107/month, 16% lower than the national median of $1,314/month. The median household income of $58,741/year is 21% lower than the US median of $74,580. The local unemployment rate is 4.9%, above the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. Overall, Springfield has a cost of living index of 80 versus the US average of 100, meaning it is 20% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Springfield, TN?
Springfield has a cost index of 80 (100 = national average). It is 20% below the national average.
What is average rent in Springfield, TN?
The median gross rent in Springfield is $1,107 per month based on 2023 Census data.
What is the average home price in Springfield?
The median home value in Springfield is $235,200 according to Zillow and Census data.
What is the median income in Springfield?
The median household income in Springfield is $58,741 per year (2023 ACS 5-year estimates).
What is the sales tax in Springfield, TN?
The combined state and local sales tax rate in Springfield is 9.6%. Tennessee has no state income tax.
Is Springfield, TN affordable?
Yes, Springfield is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.
Springfield at a Glance
- Population
- 18,985
- Median Income
- $58,741
- Home Value
- $235,200
- Median Rent
- $1,107/mo
- Unemployment
- 4.9%
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
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