Cost of Living in Springfield, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.2
100 = national avg
+1.2 vs national average
Living Wage (1 Adult)
$44,514
per year
Living Wage (Family of 4)
$105,216
per year
Cost Index by Category
Housing115.4
Food94.9
Transportation89.8
Healthcare95.9
Utilities100.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,578
per month
2 Bedroom
$1,730
per month
The overall cost of living index in Springfield is 101.2, which is 1.2% above the national average. Housing costs are above the national average at an index of 115.4. A single adult needs to earn approximately $44,514 per year to cover basic expenses.