Springfield, OR

Average · 92

Oregon · Population 61,642 · Updated March 2026

$1,201
Median Rent / Month
$67,211
Median Income
$323,800
Median Home Value
$1,256
Owner Costs / Month

Affordability

How far your income goes in Springfield

21.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oregon

State-level tax rates that affect your costs

9.9%
Income Tax (Top Rate)
0%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$14,412
Annual Rent
$6,654
State Income Tax
$3,011
Property Tax (est.)

Cost of Living Overview

Springfield offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 92 (where 100 equals the national median), Springfield residents can expect to pay median rent of $1,201/month while earning a median household income of $67,211/year.

The median home value in Springfield, OR is $323,800, with typical monthly owner costs around $1,256 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oregon's top income tax rate of 9.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 0% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Springfield.

Frequently Asked Questions

Common questions about living costs in Springfield

What is the cost of living in Springfield, OR?
The cost of living index in Springfield, OR is 92 (US average = 100). Median monthly rent is $1,201, median household income is $67,211/year, and the median home value is $323,800.
Is Springfield, OR affordable?
Yes, Springfield is more affordable than the national average with a cost index of 92. The rent-to-income ratio is 21.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Springfield, OR?
The median gross rent in Springfield, OR is $1,201 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,412.
What is the median household income in Springfield?
The median household income in Springfield, OR is $67,211 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oregon?
Oregon has a top income tax rate of 9.9%, a sales tax of 0%, and an effective property tax rate of 0.93%.