What is the average cost of living in Springfield Missouri?

 
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If you are looking to relocate to Springfield, Missouri, or the surrounding area, you should definitely do some research first. Luckily, LoanMart has compiled all of the information you need to make an informed decision before your move.

Springfield, Missouri is a city that is in the southwest portion of Missouri. Springfield is the third most populated city in the state of Missouri—the most populous is Kansas City, followed by St. Louis. Therefore the cost of living in Springfield, is lower than in the two larger cities. The population of Springfield, has been on the rise, according to the 2016 U.S. Census. In 2016, there were 167,319 reported as living in the city.

The cost of living in Springfield, Missouri, is about 10% lower than the national average. Everyday goods and services are generally cheaper than other cities across the country. In 2017, it was named the 13th place in America with the lowest cost of living.  When considering the cost of living, we will consider the costs of housing, transportation, groceries, utilities, and healthcare. These are the basic necessities anyone needs to know when considering moving or even just buying property.

Cost of Housing in Springfield

The average home in Springfield is $109,500, while the national average is $184,700. That is a $75,200 difference. The median cost of rent in Springfield is $650. As the area becomes more populous with people retiring to smaller towns with a lower cost of living, prices are estimated to go up. Currently, the cost of housing in Springfield is about 20% lower than that of the rest of the country.

Cost of Transportation in Springfield

Most of the population in Springfield drives to their respective jobs alone, followed by those who car pool and those who walk. Gas in Springfield goes for about $2.27 per gallon. Residents of Springfield spend 17 minutes on average, driving to and from work each day.

Springfield does have its own transit line, called the City Utilities. For a single fare, for an adult, it is $1.25 per person. The 31 day unlimited ride pass is $45.00.

Cost of Utilities in Springfield

The residential electric services rate is $11.75 per month, per household.

The residential gas services rate is $16.00 per month, per household.

The residential water services rate is $18.50 per month, per household.

The average American spends about $2,060 per month, which is about $172 per month for all off the utilities combined.

Cost of Groceries in Springfield

Groceries in Springfield, are about 2.7% percent less than groceries are nationwide.

Cost of Healthcare

Healthcare costs in Springfield is close to the national averages, but is still lower. A trip to the optometrist office will likely cost $97.68, a trip to the doctor will likely cost $108.28, and a trip to a dentist will likely cost $84.45.

Average salary in Springfield

The average salary in Springfield is $39,235. This figure was calculated by looking at the salaries of jobs such as Staff Accountant, Operations Manager, Office Manager, and Software Engineer. Wages in Springfield decreased at the end of last year by 1.5%. The average, single, American has an adjusted gross income of about $35,000 per year.

Springfield is Rich in Our Nation’s History

A lot of America’s history has taken place in Springfield, Missouri. The city is literally located at the center of the country. Check out some of the history from Springfield:

  • The birthplace of Route 66. Every year there is a festival held in honor of the historic road that stretches across the country. The festival consists of a car and bike show, a parade, different exhibits, a 6.6k run, live concerts, and countless competitions.
  • The Ozark Jubilee was the very first national country music show. It was broadcast from Springfield, Missouri by ABC for five years: 1955-1960.
  • The first recorded shootout happened in Springfield. It was between two men, Wild Bill and Davis Tutt, in 1865, and the event made national news.
  • The tragic Trail of Tears went through Springfield. The Cherokee people were forcibly removed from Tennessee, Georgia, Alabama, etc. by the government and were forced to travel west to reservation lands. Many of them died as a result of the conditions.
  • The Battle of Springfield and the Battle of Wilson’s Creek both took place in 1861. The Union won the battle. This was the only battle the union won in Missouri.

How Can LoanMart Help Me?

Getting a title loan through LoanMart is so simple1. So, whether you are relocating to Springfield or already living there, we can help you offset the overwhelming costs of your expenses. Our three step process may have your funds in your hands in as litte as 24 hours3:

  1. Fill out the application online, over the phone, or in a participating store
  2. Submit your documents: car title, photo ID, proof of income, and proof of residence, and some photos of your car
  3. Collect your funds via direct deposit, in-store pickup, or by check1

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