Springfield, TN Cost Of Living
Cost Of Living In Springfield, TN Summary
Cost of living in Springfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Springfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Springfield is 92, with 100 being the average.
The cost of living index in Springfield is 0.9x lower than the national average.
Springfield ranks as the #60 cheapest in Tennessee out of 109.
Springfield ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Springfield is $325,752.
The median income in Springfield is $58,741.
Table Of Contents
Springfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Springfield, TN?
According to the most recent data on the cost of living, Springfield has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Springfield has a cost of living index that's 1.0x higher than Tennessee's index of 90.
The standard of living in Springfield ranks as #60 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Springfield ranks as the #49 most expensive place in the Volunteer State.
For more reading on life in Springfield, check out:
In Tennessee
In America
Springfield Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Springfield. Here is how it fairs on each of the criteria:
The Services index in Springfield is 95.
The Groceries index in Springfield is 101.
The Health index in Springfield is 92.
The Housing index in Springfield is 86.
The Transportation index in Springfield is 93.
The Utilities index in Springfield is 104.
| Living Expense | Springfield | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 92 | 90 | 100 | |
| Services | 95 | 93 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 92 | 87 | 100 | |
| Housing | 86 | 81 | 100 | |
| Transportation | 93 | 89 | 100 | |
| Utilities | 104 | 95 | 100 | |
Springfield, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Springfield is $325,752.
The Median Rent in Springfield is $1,107.
The Median Income in Springfield is $58,741.
The Home Value To Income in Springfield is 5.5x.
The Rent To Monthly Income in Springfield is 0.23x.
| Statistic | Springfield | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $325,752 | $330,598 | $303,400 |
| Median Rent | $1,107 | $1,122 | $1,348 |
| Median Income | $58,741 | $67,097 | $78,538 |
| Home Value To Income | 5.5x | 4.9x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Springfield, TN Costs By Category
Detailed Springfield Services Costs Vs. Tennessee
| Item | Springfield | Tennessee |
|---|---|---|
| Shampoo | $1.23 | $1.28 |
| Movie | $13.3 | $12.13 |
| Bowling | $19.79 | $18 |
| Haircut | $24.76 | $24.26 |
| Beauty Salon | $46.01 | $45.56 |
Detailed Springfield Groceries Costs Vs. Tennessee
| Item | Springfield | Tennessee |
|---|---|---|
| Ground Beef | $5.7 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.68 | $4.67 |
| Potatoes | $5.16 | $4.93 |
| Pizza | $10.85 | $12.09 |
| Beer | $10.05 | $10.41 |
| Toothpaste | $3.71 | $3.7 |
Detailed Springfield Health Costs Vs. Tennessee
| Item | Springfield | Tennessee |
|---|---|---|
| Optometrist | $96.03 | $125.68 |
| Doctor | $116.91 | $135.78 |
| Dentist | $104.65 | $113.29 |
Detailed Springfield Transportation Costs Vs. Tennessee
| Item | Springfield | Tennessee |
|---|---|---|
| Gasoline | $3.12 | $3.46 |
| Tire Balancing | $57.43 | $59.92 |
Detailed Springfield Utilities Costs Vs. Tennessee
| Item | Springfield | Tennessee |
|---|---|---|
| All Electricity | $183.77 | $193.99 |
| Phone | $218.37 | $192.25 |
Springfield SnackAbility
/10
Cost Of Living In Cities Around Springfield
The cost of living varies in the cities and towns around Springfield. Here's a quick look at the cost of living in the most populous nearby places:
Hendersonville, TN has a cost of living index of 109, 1.2x Springfield.
Goodlettsville, TN has a cost of living index of 108, 1.2x Springfield.
White House, TN has a cost of living index of 101, 1.1x Springfield.
| City | Population | Cost Of Living | Vs. Springfield |
|---|---|---|---|
| Hendersonville, TN | 62,390 | 109 | 1.2x |
| Goodlettsville, TN | 17,598 | 108 | 1.2x |
| White House, TN | 13,875 | 101 | 1.1x |
| Ashland, VA | 7,667 | 105 | 1.1x |
| Greenbrier, TN | 6,960 | 101 | 1.1x |
| Millersville, TN | 5,885 | 100 | 1.1x |
| Pleasant View, TN | 5,111 | 107 | 1.2x |
