Cost of Living in Springfield, MO
Springfield has a cost of living index of 82 (100 = national average), making it significantly more affordable than the national average. The median household income is $38,648 and the median home price is $190,000.
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Springfield at a Glance
Population
169,176
Cost of Living Index
82
Median Income
$38,648
Median Home Price
$190,000
Property Tax Rate
0.97%
Sales Tax Rate
8.10%
Rent Index
68
State
Missouri
Living in Springfield
Springfield offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $190,000 is well within reach for many families.
The combined sales tax rate in Springfield is 8.10%, and the effective property tax rate is 0.97%. Property taxes are close to the national average.