Cost of Living in Springfield, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.7
100 = national avg
-22.3 vs national average
Living Wage (1 Adult)
$34,191
per year
Living Wage (Family of 4)
$80,814
per year
Cost Index by Category
Housing79.7
Food83.4
Transportation66.8
Healthcare86.7
Utilities86.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$976
per month
2 Bedroom
$1,176
per month
The overall cost of living index in Springfield is 77.7, which is 22.3% below the national average. Housing costs are below the national average at an index of 79.7. A single adult needs to earn approximately $34,191 per year to cover basic expenses.