Cost of living in Springfield, Missouri
Living in Springfield, Missouri costs 11.4% below the US average. For 2024, the BEA puts the Springfield, MO metro area RPP at 88.6, with the US at 100, and housing alone at 65.6.
- Overall prices
- 88.6US = 100, BEA 2024
- Price level for housing
- 65.6 for rents, with the US at 100.
Cost of living index for Springfield, Missouri
A regional price parity sets one place's cost for a basket of goods and services against the US average of 100. The Springfield, MO metro area includes Springfield, Missouri, and BEA prices that whole area as one. Housing (rents) is the part furthest from the US average, sitting at 65.6, or 34.4% below the US.
| Price level, US = 100 | Springfield, MO metro | Missouri | Metro against the US |
|---|---|---|---|
| All items | 88.6 | 90.8 | −11.4% |
| Goods | 94.2 | 96.3 | −5.8% |
| Housing (rents) | 65.6 | 69.9 | −34.4% |
| Utilities | 85.8 | 79.4 | −14.2% |
| Other services | 93.0 | 95.2 | −7.0% |
Regional price parities for metro areas and states, 2024. Source: the Bureau of Economic Analysis (BEA) in the U.S. Regional price parities
Rental prices in Springfield, Missouri
In Springfield, Missouri, the typical asking rent is $1,192 a month, according to the Zillow Observed Rent Index (ZORI), which measures rent on homes listed now and is +6.0% on a year. In the US, that figure is $1,932. Census median gross rent comes to $1,007, and it counts every renting household, not only new leases. A year of the asking rent equals 26% of the median household income.
| Rent | Springfield, Missouri | United States |
|---|---|---|
| Typical asking rent, Zillow ZORI | $1,192 | $1,932 |
| Asking rent, 12-month change | +6.0% | |
| Median gross rent, Census ACS 2024 | $1,007 | $1,487 |
| One year of asking rent, part of median income | 26% | 28% |
Zillow Observed Rent Index; one-year estimates from the Census Bureau American Community Survey 2024.
Prices of homes in Springfield, Missouri
A typical home in Springfield, Missouri was valued at $243,597 in September 2026 by the Zillow Home Value Index (ZHVI), which measures what a home in the middle of the market is worth. The figure is up +3.1% from a year earlier, compared with $366,157 in the US. The price equals 4.5 years of median household income, and the US number is 4.5 too.
| Home prices | Springfield, Missouri | United States |
|---|---|---|
| Typical home value, September 2026 | $243,597 | $366,157 |
| 12-month change | +3.1% | +1.2% |
| 10-year change | +104.9% | +77.4% |
| Price to income (years of median income) | 4.5 | 4.5 |
| Price to rent (years of asking rent) | 17.0 | 15.8 |
Days on market, the forecast, and a price chart since 2000: Springfield, Missouri housing market.
Salary required to live in Springfield, Missouri
Two questions determine the Springfield, Missouri salary needed to preserve what your current pay buys: where you live, and how much you earn.
- Moving away from
- Salary
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How Springfield, Missouri compares with other cities on cost of living
| City | Overall prices | Housing | The typical rent | Typical value of a home |
|---|---|---|---|---|
| Springfield, Missouri | 88.6 | 65.6 | $1,192 | $243,597 |
| Kansas City | 92.5 | 86.6 | $1,446 | $250,185 |
| St. Louis | 95.1 | 79.0 | $1,292 | $181,157 |
| New York City | 112.6 | 148.6 | $4,089 | $825,854 |
| Los Angeles | 113.6 | 170.4 | $2,772 | $927,891 |
| Chicago | 103.6 | 112.0 | $2,311 | $334,108 |
| Houston | 98.6 | 104.5 | $1,544 | $259,465 |
| Phoenix | 103.3 | 121.2 | $1,571 | $404,067 |
| Philadelphia | 102.6 | 113.1 | $1,757 | $231,584 |
Price levels come from BEA regional price parities 2024, with the US = 100. Rent comes from Zillow ZORI. The home value figure comes from Zillow ZHVI, September 2026.
All cities ranked here: cost of living comparison by city. All states: cost of living by state.