Cost of Living in Springfield, SD
Housing
The housing market plays a significant role in determining the cost of living in Springfield, SD.
- Housing Index: 92 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1139 per month
- Average Rent (2 BR House): $1238 per month
Considering a move to Springfield, SD? Current data suggests that the housing market is virtually inactive, with a housing index of 92. The median home price stands at 0, which may indicate an opportunity for eager buyers to enter the market at a potentially lower investment level than in other cities. However, both average rents for a 2BR apartment at 1139 and for a 2BR house at 1238 reflect a complete absence. Factors such as local employment opportunities and amenities should also be weighed when making your decision to move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Springfield, SD.
- Electricity Price: $14.15 USD (median by state)
- Natural Gas Price: $10.63 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $238 per month
Living in Springfield, SD could entail higher utility costs. Electricity costs sit at $14.15, while natural gas is priced at $10.63 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $238 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.