Map of Springfield, Massachusetts
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Cost of living

Springfield, Massachusetts

(Springfield is Located in Hampden County)

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Cost of living in Springfield, Massachusetts

Cost of living
compared to USA

the highest

Cost of living
compared to Massachusetts

the lowest

Median household
income

the lowest

Taxes in Springfield, Massachusetts

The sales tax rate in Springfield, Massachusetts is 6.2%. Last year, the average property taxes paid was 1.7% Springfield, Massachusetts.

Here is the table with the State Income Taxes in the state of Massachusetts:

State Income Tax Brackets:

Income Brackets(single):Income Brackets(Married):Massachusetts Income Tax Rate
$0 - $1,000,000$0 - $1,000,0005.0%
>= $1,000,000>= $1,000,0009.0%

Housing costs in Springfield, Massachusetts

The average cost of
a single-family home
compated to USA

high

The average cost of
a single-family home
compated to Massachusetts

the lowest

In Springfield, Massachusetts, 47.0% of the population owns their homes, while approximately 53.0% rent. The average cost of a single-family home in Springfield, Massachusetts in 2023 is $275,496 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Massachusetts. The average one-bedroom apartment cost is approximately $1,173 per month.

Rental SizeMonthly CostCompared to Massachusetts
1 Bedroom$1,173the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,446the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,755the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$2,054the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest

Utility Expenses for Occupied Housing Units per Month

Electric Bill

Gas Bill

Water and Sewer Bill

Expenses for Other House Heating Fuels

Mortgage status:

71%

Housing units with a mortgage, contract to purchase, or similar debt 71%

29%

Housing units without a mortgage 29%

Housing units without a mortgage 29%

Housing units with a mortgage, contract to purchase, or similar debt 71%

Housing units with multiple mortgages 11%

Housing units with no second mortgage and no home equity loan 86%

Home equity loan without a primary mortgage 3%

Mortgage, with only second mortgage 22%

Mortgage, with only home equity loan 76%

Mortgage with both second mortgage and home equity loan 2%

Gross rent as a percentage of household income in the past 12 months (dollars):

Year Structure Built

The dynamics of changes in housing prices

Cities Near Springfield, MA

Get detailed information on cities nearest to Springfield, MA

Agawam Town, MA

Location data:

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Government spending is high

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Fast internet (fixed lines)

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Industry diversity

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