Cost of Living in Springfield, MO
Population: 169,432 • 2026 Data
$45,984
Median Household Income
-41% vs national
$920
Median Monthly Rent
-32% vs national
$165,200
Median Home Value
-51% vs national
4.3%
Unemployment Rate
Housing in Springfield
The median home value in Springfield, MO is $165,200. Monthly rent for a typical unit averages $920, while total monthly housing costs (including utilities and insurance) average $908.
Rent-to-income ratio: 24.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Springfield, MO is $45,984. The unemployment rate stands at 4.3%, with a labor force of 87,804 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.