Cost of Living in Springfield, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.0
100 = national avg
+1.0 vs national average
Living Wage (1 Adult)
$44,421
per year
Living Wage (Family of 4)
$104,994
per year
Cost Index by Category
Housing102.4
Food100.1
Transportation100.2
Healthcare100.1
Utilities100.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$970
per month
2 Bedroom
$1,203
per month
The overall cost of living index in Springfield is 101.0, which is 1.0% above the national average. Housing costs are above the national average at an index of 102.4. A single adult needs to earn approximately $44,421 per year to cover basic expenses.