Cost of Living in Springfield, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
246.1
100 = national avg
+146.1 vs national average
Living Wage (1 Adult)
$108,263
per year
Living Wage (Family of 4)
$255,895
per year
Cost Index by Category
Housing289.5
Food185.3
Transportation270.6
Healthcare168.3
Utilities189.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,822
per month
2 Bedroom
$2,205
per month
The overall cost of living index in Springfield is 246.1, which is 146.1% above the national average. Housing costs are above the national average at an index of 289.5. A single adult needs to earn approximately $108,263 per year to cover basic expenses.