Massachusetts · Population 154,751 · Updated March 2026
How far your income goes in Springfield
State-level tax rates that affect your costs
Springfield is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Springfield residents can expect to pay median rent of $1,114/month while earning a median household income of $51,339/year.
The median home value in Springfield, MA is $222,700, with typical monthly owner costs around $1,276 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.0%, Springfield falls within the generally affordable range, though it's approaching the 30% burden threshold.
Massachusetts's top income tax rate of 9.0% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.25% sales tax rate and 1.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Springfield.
Common questions about living costs in Springfield
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