Discretionary Income in Springfield, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, IL is ranked 67th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, IL
Gross Salary
$8,333
Taxes
$1,601
Cost of Living
$3,272
Discretionary Income
$3,461
With a gross annual salary of $100,000 in Springfield, IL, you would need to deduct approximately $1,601 per month for taxes. Given that the average cost of living in Springfield is $3,272, you would have around $3,461 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, IL, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Springfield, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, IL |
|---|---|
| $30,000 | -$1,039 |
| $40,000 | -$347 |
| $50,000 | $345 |
| $60,000 | $1,026 |
| $70,000 | $1,634 |
| $80,000 | $2,243 |
| $90,000 | $2,852 |
| $100,000 | $3,461 |
| $110,000 | $4,068 |
| $120,000 | $4,660 |
| $130,000 | $5,252 |
| $140,000 | $5,844 |
| $150,000 | $6,436 |
| $175,000 | $7,917 |
| $200,000 | $9,370 |
| $250,000 | $11,985 |
| $300,000 | $14,487 |
| $350,000 | $16,989 |
| $400,000 | $19,491 |
| $450,000 | $21,993 |
| $500,000 | $24,495 |
Discretionary Income in Springfield, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, IL is ranked 82nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, IL
Gross Salary
$8,333
Taxes
$1,601
Cost of Living
$2,166
Discretionary Income
$4,567
With a gross annual salary of $100,000 in Springfield, IL, a single person would need to deduct approximately $1,601 per month for taxes. Considering the average cost of living in Springfield is $2,166, singles would have around $4,567 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, IL, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Springfield, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, IL |
|---|---|
| $30,000 | $67 |
| $40,000 | $759 |
| $50,000 | $1,451 |
| $60,000 | $2,132 |
| $70,000 | $2,740 |
| $80,000 | $3,349 |
| $90,000 | $3,958 |
| $100,000 | $4,567 |
| $110,000 | $5,174 |
| $120,000 | $5,766 |
| $130,000 | $6,358 |
| $140,000 | $6,950 |
| $150,000 | $7,542 |
| $175,000 | $9,023 |
| $200,000 | $10,476 |
| $250,000 | $13,091 |
| $300,000 | $15,593 |
| $350,000 | $18,095 |
| $400,000 | $20,597 |
| $450,000 | $23,099 |
| $500,000 | $25,601 |
Discretionary Income in Springfield, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, IL is ranked 59th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, IL
Gross Salary
$8,333
Taxes
$1,601
Cost of Living
$3,208
Discretionary Income
$3,524
With a gross annual salary of $100,000 in Springfield, IL, a couple would need to deduct approximately $1,601 per month for taxes. Considering the average cost of living in Springfield is $3,208, couples would have around $3,524 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, IL, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Springfield, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, IL |
|---|---|
| $30,000 | -$975 |
| $40,000 | -$283 |
| $50,000 | $409 |
| $60,000 | $1,089 |
| $70,000 | $1,698 |
| $80,000 | $2,307 |
| $90,000 | $2,915 |
| $100,000 | $3,524 |
| $110,000 | $4,132 |
| $120,000 | $4,724 |
| $130,000 | $5,316 |
| $140,000 | $5,908 |
| $150,000 | $6,500 |
| $175,000 | $7,980 |
| $200,000 | $9,433 |
| $250,000 | $12,048 |
| $300,000 | $14,550 |
| $350,000 | $17,052 |
| $400,000 | $19,489 |
| $450,000 | $21,908 |
| $500,000 | $24,327 |
Discretionary Income in Springfield, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, IL is ranked 74th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, IL
Gross Salary
$8,333
Taxes
$1,340
Cost of Living
$3,193
Discretionary Income
$3,801
With a gross annual salary of $100,000 in Springfield, IL, a single parent would need to deduct approximately $1,340 per month for taxes. Considering the average cost of living in Springfield is $3,193, single parents would have around $3,801 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, IL, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Springfield, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, IL |
|---|---|
| $30,000 | -$893 |
| $40,000 | -$190 |
| $50,000 | $502 |
| $60,000 | $1,194 |
| $70,000 | $1,886 |
| $80,000 | $2,578 |
| $90,000 | $3,192 |
| $100,000 | $3,801 |
| $110,000 | $4,410 |
| $120,000 | $5,012 |
| $130,000 | $5,604 |
| $140,000 | $6,196 |
| $150,000 | $6,789 |
| $175,000 | $8,269 |
| $200,000 | $9,749 |
| $250,000 | $12,395 |
| $300,000 | $14,903 |
| $350,000 | $17,405 |
| $400,000 | $19,907 |
| $450,000 | $22,409 |
| $500,000 | $24,911 |
Discretionary Income in Springfield, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, IL is ranked 63rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, IL
Gross Salary
$8,333
Taxes
$1,099
Cost of Living
$4,520
Discretionary Income
$2,714
With a gross annual salary of $100,000 in Springfield, IL, a family would need to deduct approximately $1,099 per month for taxes. Considering the average cost of living in Springfield is $4,520, families would have around $2,714 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, IL, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Springfield, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, IL |
|---|---|
| $30,000 | -$2,163 |
| $40,000 | -$1,455 |
| $50,000 | -$746 |
| $60,000 | -$54 |
| $70,000 | $638 |
| $80,000 | $1,330 |
| $90,000 | $2,022 |
| $100,000 | $2,714 |
| $110,000 | $3,406 |
| $120,000 | $4,075 |
| $130,000 | $4,683 |
| $140,000 | $5,292 |
| $150,000 | $5,901 |
| $175,000 | $7,423 |
| $200,000 | $8,945 |
| $250,000 | $11,936 |
| $300,000 | $14,896 |
| $350,000 | $17,857 |
| $400,000 | $20,763 |
| $450,000 | $23,390 |
| $500,000 | $25,993 |
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.