Springfield, IL Cost of Living (2024): How Expensive Is It?

What Salary Do You Need to Live Comfortably in Springfield, IL in 2024?

Overall, on average, a gross annual salary of $53,031 is required for an average quality of life in Springfield, IL.

Is the Cost of Living High in Springfield, IL?

Springfield, IL is ranked 37th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheapest cities in which to live in the U.S. Springfield, IL's average monthly rent is 47% lower than the U.S. average cost of rent.

Is $50,000 a Good Salary in Springfield, IL in 2024?

A gross annual salary of $50,000 in Springfield, IL will yield an average annual net salary of $43,407. Considering that the total average annual cost of living in Springfield, IL is $39,261, a gross annual salary of $50,000 will be sufficient to cover average living costs.

How Much Should You Pay for Rent in Springfield, IL?

The average monthly rent in Springfield, IL in the city center is $1,005 for a 1 bedroom apartment, $1,309 for a 2 bedroom apartment and $1,609 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $803 for a 1 bedroom apartment, $1,000 for a 2 bedroom apartment and $1,303 for a 3 bedroom apartment.

The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.