Cost of Living in Springfield, OH
Population: 58,410 • 2026 Data
$45,883
Median Household Income
-41% vs national
$805
Median Monthly Rent
-40% vs national
$107,600
Median Home Value
-68% vs national
9.0%
Unemployment Rate
Housing in Springfield
The median home value in Springfield, OH is $107,600. Monthly rent for a typical unit averages $805, while total monthly housing costs (including utilities and insurance) average $788.
Rent-to-income ratio: 21.1%. 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, OH is $45,883. The unemployment rate stands at 9.0%, with a labor force of 26,214 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.