Living in Springfield, Arkansas
Cost of living, income, home prices, rent and demographics of Springfield · Census data 2020–2024
Springfield has 438 residents with a median age of 32.5. The median household income is $73,918 (22% higher than the Arkansas median), the median home value is $162,200.
Springfield is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Springfield at a glance
- Population
- 438
- Median age
- 32.5State: 38.5
- Median household income
- $73,918State: $60,773
- Median home value
- $162,200State: $188,000
- Homeowners
- 84.6%
- Bachelor's degree or higher
- 8.9%
Is Springfield a good place to live?
Pros: Median household income 22% higher than the Arkansas median; home values 14% lower than the state median; a poverty rate of 4.6%.
Cons: Unemployment of 10.1%.
The weather is best in April–May and September–October.
Cost of living in Springfield
Housing is the biggest part of the cost of living. In Springfield the median home value is $162,200, 51% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Springfield median household income
The median household income in Springfield is $73,918 and the income per person is $25,689. 4.6% of residents live below the poverty line (Arkansas: 16%).
Housing in Springfield: homes for sale and rent
- Housing units
- 169
- Owner-occupied
- 84.6%
- Renter-occupied
- 15.4%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.59
Springfield demographics
- Population
- 438
- Median age
- 32.5
- Under 18
- 30.4%
- 65 and older
- 8.9%
- Households
- 169
- Foreign-born
- 0%
- Veterans
- 16.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Springfield ›
Education in Springfield
8.9% of adults 25 and older in Springfield have a bachelor's degree or higher (Arkansas: 25.7%), and 0% have a graduate or professional degree.
Jobs and commute in Springfield
- Unemployment rate
- 10.1%State: 4.9%
- Average commute
- —State: 23 min
- Work from home
- 0%
- Drive alone
- 83.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Springfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Springfield | 438 | $73,918 | $162,200 | — |
| Center Ridge | 211 | $36,563 | $82,700 | — |
| Wooster | 1,023 | $111,667 | $333,000 | $1,167 |
| Menifee | 409 | $64,315 | $123,600 | — |
| Twin Groves | 258 | $39,598 | — | $769 |
| Plumerville | 1,128 | $42,552 | $122,000 | $719 |
| Greenbrier | 6,018 | $57,214 | $206,600 | $1,192 |
| Damascus | 348 | $57,500 | $165,000 | $800 |
| Guy | 720 | $75,592 | $246,600 | $925 |
More for people moving to Springfield
Springfield ZIP code ›Weather and climate ›Living in Springfield: FAQ
What is the median household income in Springfield, AR?
The median household income in Springfield is $73,918, 22% higher than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Springfield?
The median home value in Springfield is $162,200, compared with $188,000 in Arkansas.
Is Springfield, AR a good place to live?
Pluses: median household income 22% higher than the Arkansas median; home values 14% lower than the state median; a poverty rate of 4.6%. Minuses: unemployment of 10.1%.
What is the median age in Springfield?
The median age in Springfield is 32.5 years (Arkansas: 38.5).
What is the unemployment rate in Springfield?
The unemployment rate in Springfield is 10.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Springfield?
8.9% of adults in Springfield have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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