Cost of Living in Springfield, VA
Population: 30,894 • 2026 Data
$123,691
Median Household Income
+60% vs national
$2,643
Median Monthly Rent
+96% vs national
$622,200
Median Home Value
+84% vs national
6.1%
Unemployment Rate
Housing in Springfield
The median home value in Springfield, VA is $622,200. Monthly rent for a typical unit averages $2,643, while total monthly housing costs (including utilities and insurance) average $2,529.
Rent-to-income ratio: 25.6%. 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, VA is $123,691. The unemployment rate stands at 6.1%, with a labor force of 16,362 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.