Cost of Living and Housing in Springfield, Illinois

Springfield has about 113,330 residents. Median gross rent is $975 per month and median household income is $66,064.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $975/mo 41% below the dataset median

Median Home Value $162,100 57% below the dataset median

Median Household Income $66,064 21% below the dataset median

Owner-Occupied Homes 64% Share of occupied housing units

Rent-to-Income Baseline 18% Annual median rent ÷ household income

Home Value-to-Income 2.5x Median value ÷ household income

How Springfield compares

Rent is 41% below the dataset median, while household income is 21% below the dataset median. Within Illinois, Springfield ranks #16 from lowest to highest rent and #94 from highest to lowest household income among 123 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Illinois

Frequently asked questions

What is the median rent in Springfield?

Median gross rent is $975 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Springfield?

The median value of owner-occupied homes is $162,100 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Springfield is $66,064 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.