What salary do you need to live in Springfield, IL?

The cost side of living in Springfield

A one-bedroom in Springfield rents for a median of $761 a month, utilities the tenant pays included; a two-bedroom goes for $991 and a three-bedroom for $1,186. Over a full year, the two-bedroom median comes to $11,892.

The median value of owner-occupied homes in the metro is $177,300. Against a median household income of $75,895, the ratio is 2.3× — one of the gentler home-price-to-income ratios in the country.

BEA's Regional Price Parity for the metro is 92.7, where 100 is the US average. In plain terms, the full basket of goods, services and housing costs 7.3% less than average, so $100,000 here buys roughly what $107,823 would at average US prices.

Income needed for each grade in Springfield

The salary lines for a two-bedroom household land at $25,000 for Tight, $50,000 for Okay and $101,000 for Comfortable. The gap between the Okay and Comfortable lines alone is $51,000, which says how much extra income it takes to make housing feel roomy here rather than merely workable.

Reaching Royal takes $316,000 — 3.1× the Comfortable line — because the last points come slowly once rent is already a small share.

Each figure is the lowest income, to the next $1,000, at which the calculator itself would show that grade for a two-bedroom in Springfield.

What different incomes look like in Springfield

On $75,000, a one-bedroom scores 61 and a three-bedroom 54, both Okay; the extra bedrooms cost points but not a grade.

The two-bedroom column turns Comfortable at the $150,000 row. One row up, $100,000 scores 65.

How Springfield ranks among 387 metros

On price level Springfield is 217th of 387 (1 = most expensive); on two-bedroom rent it is 301st, and on median home value 339th. Rent and overall prices don't line up exactly, with prices near the middle and rent in the least expensive quarter.

Pocatello, ID ($991) and Staunton-Stuarts Draft, VA ($991) bracket Springfield on two-bedroom rent.

Springfield next to Illinois and similar metros

How Springfield stacks up against its state: $991 for a two-bedroom against Illinois's $1,284, $177,300 for the median home against $263,300, and a price level of 92.7 against 100.0.

On statewide medians, a two-bedroom budget reaches Comfortable at $164,000 — above Springfield's $101,000 line.

If Springfield is on your list, Peoria, IL, Davenport-Moline-Rock Island, IA-IL, and Rockford, IL are the most similar Illinois metros by two-bedroom rent and price level; the table shows where each turns Comfortable.

Where the typical Springfield household lands

A household at the Springfield median income of $75,895 would see a two-bedroom score of 57 — Okay — with rent at 16% of income. Reaching Comfortable would take $25,105 more than the median household earns. Statewide, the Illinois median household ($83,390) grades Okay on the state's own medians. Since a household can have two or more earners, compare it with a combined income rather than one paycheck.

Estimates use pre-tax income and public data; they are not financial advice.