Cost of Living in Springfield, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
100.0
100 = national avg
0.0 vs national average
Living Wage (1 Adult)
$44,017
per year
Living Wage (Family of 4)
$104,041
per year
Cost Index by Category
Housing126.0
Food89.2
Transportation78.5
Healthcare91.4
Utilities98.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,382
per month
2 Bedroom
$1,734
per month
The overall cost of living index in Springfield is 100.0, which is 0.0% below the national average. Housing costs are above the national average at an index of 126.0. A single adult needs to earn approximately $44,017 per year to cover basic expenses.