Cost of Living in Springfield, OR
Housing
The housing market plays a significant role in determining the cost of living in Springfield, OR.
- Housing Index: 116.2 / 100
- Median Home Price is: $420,000
- Average Rent (2 BR Apartment): $1757 per month
- Average Rent (2 BR House): $1910 per month
Considering a move to Springfield, OR? With a housing index of 116.2, it suggests the market is slightly above the national average. A median home price of 420000 indicates potential homeownership could be a viable option. Renters should anticipate spending about 1757 for a 2-bedroom apartment or 1910 for a house. Comparatively, this city may offer varying choices between renting and purchasing; however, it may stress some budgets, given that the average costs are relatively high. Carefully consider your financial situation before deciding!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Springfield, OR.
- Electricity Price: $15.12 USD (median by state)
- Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $248 per month
Living in Springfield, OR could entail higher utility costs. Electricity costs sit at $15.12, while natural gas is priced at $16.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $248 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Springfield is a financially viable option for your relocation.