Living in Springfield, Illinois
Cost of living, income, home prices, rent and demographics of Springfield · Census data 2020–2024
Springfield has 113,330 residents with a median age of 41. The median household income is $66,064 (21% lower than the Illinois median), the median home value is $162,100, the median rent is $975/month.
Springfield at a glance
- Population
- 113,330
- Median age
- 41State: 39
- Median household income
- $66,064State: $83,390
- Median home value
- $162,100State: $263,300
- Median rent
- $975/moState: $1,274
- Homeowners
- 64.3%
- Bachelor's degree or higher
- 36.3%
- Average commute
- 17 min
Is Springfield a good place to live?
Pros: Home values 38% lower than the state median; an average commute of 17 minutes.
Cons: Median household income 21% lower than the Illinois median; unemployment of 6.8%; a poverty rate of 16.8%.
The weather is best in May–June and August–September.
Cost of living in Springfield
Housing is the biggest part of the cost of living. In Springfield the median home value is $162,100, 51% lower than the U.S. median. Renters pay a median of $975 per month, which is 29.2% of household income. Homeowners with a mortgage pay $1,400 a month in housing costs.
Springfield median household income
The median household income in Springfield is $66,064 and the income per person is $42,670. 16.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Springfield: homes for sale and rent
- Housing units
- 57,424
- Owner-occupied
- 64.3%
- Renter-occupied
- 35.7%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.15
Springfield demographics
- Population
- 113,330
- Median age
- 41
- Under 18
- 20.8%
- 65 and older
- 19.9%
- Households
- 51,040
- Foreign-born
- 4.9%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Springfield ›
Education in Springfield
36.3% of adults 25 and older in Springfield have a bachelor's degree or higher (Illinois: 37.8%), and 15.6% have a graduate or professional degree.
Jobs and commute in Springfield
- Unemployment rate
- 6.8%State: 5.8%
- Average commute
- 17 minState: 28 min
- Work from home
- 14.5%
- Drive alone
- 74.7%
- Public transit
- 1.3%
- Walk to work
- 1.8%
- Homes with broadband
- 90.1%
Springfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Springfield | 113,330 | $66,064 | $162,100 | $975 |
| Leland Grove | 1,517 | $130,833 | $274,300 | $1,261 |
| Grandview | 1,243 | $48,819 | $71,500 | $1,069 |
| Jerome | 1,807 | $65,189 | $127,800 | $951 |
| Southern View | 1,751 | $57,270 | $105,300 | $1,240 |
| Sherman | 4,386 | $148,906 | $297,800 | $2,041 |
| Riverton | 3,513 | $80,920 | $152,200 | $981 |
| Rochester | 3,766 | $117,118 | $238,900 | $1,288 |
| Spaulding | 879 | $105,114 | $220,500 | $698 |
More for people moving to Springfield
Springfield ZIP code ›Weather and climate ›Living in Springfield: FAQ
What is the median household income in Springfield, IL?
The median household income in Springfield is $66,064, 21% lower than the Illinois median of $83,390 (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 $162,100, compared with $263,300 in Illinois.
How much is rent in Springfield?
The median gross rent in Springfield is $975 per month, about 29.2% of household income.
Is Springfield, IL a good place to live?
Pluses: home values 38% lower than the state median; an average commute of 17 minutes. Minuses: median household income 21% lower than the Illinois median; unemployment of 6.8%; a poverty rate of 16.8%.
What is the median age in Springfield?
The median age in Springfield is 41 years (Illinois: 39).
How long is the commute in Springfield?
The average commute to work in Springfield is 17 minutes; 14.5% of workers work from home.
What is the unemployment rate in Springfield?
The unemployment rate in Springfield is 6.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Springfield?
36.3% 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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