B-
7%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
16%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Springfield Oregon National
Cost of living107111100
Goods & Services104105100
Groceries107109100
Health care101105100
Housing116123100
Transportation107117100
Utilities9696100

An Overview of Cost of Living in Springfield, OR

Knowing the cost of living in Springfield allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Springfield stands at 107, marking it 7% higher than the national average.

The cost of living in Springfield aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Springfield residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Springfield Affordable?

Is Springfield affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Springfield, for instance, where the median home price falls 22.5% higher than the national average, and monthly rent rates are 2.1% higher than usual. Additionally, median income levels contribute to the equation, with Springfield flaunting a median household income of $49,938, 9.7% lower than the national norm.

What Factors can Influence the Cost of Living in Springfield?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Springfield, the standard sales tax rate starts at 0%, and the income tax rates commence at 4.75%.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Springfield, the housing index comes in at 16.4% higher than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Springfield, healthcare costs are 0.9% higher than the national average.

Where is the Data From?

The Springfield cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Springfield Area
Search Homes for Sale in Springfield, OR

Cost Of Living Quick Facts

  • The cost of living in Springfield is 4% lower than the Oregon average
  • The cost of living in Springfield is 7% higher than the national average
  • Springfield housing is 16% higher than the national average
  • Oregon general sales tax is 100% lower than the national average
  • Oregon state income tax is 83% higher than the national average

Most Affordable Places to Live in and Around Springfield

See all the best places to live around Springfield

Compare Springfield, OR Cost of Living

      vs
      How would you rate the cost of living in Springfield?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Springfield?
      Write a review to give others more information about this area.
      See all Springfield poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$65,237$5,436$1,522$1,957
      Renters$37,545$3,129$876$1,126
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Springfield, OR, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Springfield homeowners, is $65,237. This would allow for a maximum of $1,522 per month to be spent on housing costs. For renters, the median monthly income is $37,545 which would result in a maximum of $876 to be spent on rental costs.

      Oregon Sales Tax

      State General Sales Tax With Max Surtax
      Oregon 0% 0%

      Oregon Income Tax

      State Income Tax (Low) Income Tax (High)
      Oregon 4.75% 9.9%

      Goods & Services

      Item Springfield National avg. Difference
      Haircut $27.36$24.2612.8%
      Beauty Salon $43.93$45.563.6%
      Toothpaste $3.77$3.701.9%
      Shampoo $1.52$1.2818.4%
      Movie $11.07$12.138.8%
      Bowling $19.22$18.006.8%

      Groceries

      Item Springfield National avg. Difference
      Ground Beef $5.60$5.844.1%
      Fried Chicken $2.03$1.5728.8%
      Milk $4.82$4.673.2%
      Potatoes $4.42$4.9310.5%
      Pizza $12.91$12.096.8%
      Beer $12.06$10.4115.8%

      Health Care

      Item Springfield National avg. Difference
      Optometrist $128.83$125.682.5%
      Doctor $133.80$135.781.5%
      Dentist $129.67$113.2914.5%
      Ibuprofen $11.33$10.656.4%
      Lipitor $359.57$468.6023.3%

      Housing

      Item Springfield National avg. Difference
      Home Price $226,300.00$184,700.0022.5%
      Avg. Mortgage Payment $3,144.31$2,346.6934.0%
      Apartment Rent $969.00$949.002.1%

      Transportation

      Item Springfield National avg. Difference
      Gasoline $4.01$3.4615.9%
      Tire Balancing $50.89$59.9215.1%

      Utilities

      Item Springfield National avg. Difference
      All Electricity $184.23$193.995.0%
      Phone $184.96$192.253.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Lowell, OR1,0271032.6%
      Junction City, OR6,1401077.0%
      Creswell, OR5,44511010.3%
      Eugene, OR170,45711717.2%
      Coburg, OR1,38412020.4%
      Springfield, OR62,7291077.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Brentwood, NY62,74313029.8%
      Coon Rapids, MN62,7061033.3%
      Montebello, CA62,69715453.6%
      La Habra, CA62,78715958.7%
      Waltham, MA62,59716665.6%
      Springfield, OR62,7291077.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.