Cost of Living: Springfield, MO vs Richardson, TX (2026)

Springfield

Missouri
60
VS

Richardson

Texas
128

Springfield is 53% cheaper than Richardson.

$920/mo ↓ 50%
Median Rent
$1,825/mo ↑ 98%
$45,984/yr ↓ 52%
Median Income
$96,257/yr ↑ 109%
$165,200 ↓ 59%
Home Value
$405,600 ↑ 146%
$908/mo ↓ 49%
Owner Costs
$1,796/mo ↑ 98%
169,432
Population
118,269

Tax Comparison

4.95%
Income Tax
0%
4.225%
State Sales Tax
6.25%
0.93%
Property Tax
1.6%

Affordability

24.0%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Springfield, MO and Richardson, TX, the overall cost of living indices are 60 and 128 respectively (national median = 100). Rent is $905/month cheaper in Springfield, saving renters about $10,860/year.

Median household income is $50,273/year higher in Richardson. Home values also differ significantly — the median in Springfield is $165,200 compared to $405,600 in Richardson.

Texas has no state income tax, giving Richardson residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Springfield vs Richardson — common questions

Is Springfield or Richardson cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 128 (US average = 100).
What is the rent difference between Springfield and Richardson?
Median rent in Springfield is $920/month and in Richardson it's $1,825/month — a difference of $905/month.
Which city has higher income, Springfield or Richardson?
Median household income is $45,984 in Springfield and $96,257 in Richardson. Median household income is $50,273/year higher in Richardson.
How do taxes compare between Missouri and Texas?
Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Springfield or Richardson?
It depends on your priorities. Springfield has a cost index of 60 with median rent of $920/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Springfield details → View Richardson details →

More Comparisons

Other cost of living comparisons for Springfield and Richardson

Springfield vs. Fort Collins Springfield vs. Palmdale Springfield vs. Lancaster Springfield vs. Salinas Springfield vs. Pembroke Pines Springfield vs. Hayward Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater