Driving Around Springfield Ohio 11192023

Cost of Living in Springfield OH
Springfield Ohio is a very affordable place to live. The Cost of Living Index, or COLI, in Springfield is 75.9. This means Springfield is 24.1% more affordable than the national average COLI of 100.

According to the Economic Policy Institute, a family of four would need to earn $72,456 per year to afford to live in Springfield. This averages out to $6,038 per month.

Typical Springfield Living Expenses
Average Springfield utilities per month: $175.00
Gallon of milk: $3.39
Loaf of bread: $1.69
Gym membership: $25.00
Child care (per month): $1,169
Movie ticket: $15.00
Source: Numbeo

On the hunt for Springfield OH homes for sale? According to Redfin, the Springfield average home price is $100,000, which is much lower than the national average of $388,100. Although the homes are priced low, the Springfield Ohio real estate market is booming. Houses in Springfield only sit on the market for an average of 24 days.

Looking to rent Springfield real estate? The average rent in Springfield Ohio is $838. This is much cheaper than many other large cities nearby such as Dayton where the average rent is $972, or Cincinnati, where the average rent is $1,259. The most affordable neighborhoods in Springfield are Bellaire, Belmont Meadows, and Burnett Acres, where the average rent is $811. The most expensive neighborhoods in Springfield are Woodhouse, Wrenwood Farms, and Yorkshire, where the rent averages out to $846 per month.

Springfield OH Neighborhoods | Where to Live in Springfield
There is something for everyone when moving to Springfield. Some of the most popular neighborhoods include Villa Run, Downtown Springfield, and Sunnyland.

Villa Run | Quiet Neighborhood Perfect for Retirees
If you are moving to Springfield to retire or settle down, then check out the peaceful neighborhood of Villa Run. This small neighborhood is close to shopping and other basic necessities, but still far away from the hustle and bustle of the city. It is located right next to the top-rated Oakwood Village Senior Living Center.

Downtown Springfield | Busy Area Great for Young Professionals
If you enjoy apartment living, then Downtown Springfield is the place to be. Living in the heart of downtown means that you are always just a short walk away from some of the city’s best dining and shopping options.

Sunnyland | Family-Friendly Community Close to Schools and Parks
Moving to Springfield with kids? The beautiful neighborhood of Sunnyland is right next to Virgil A. Mabra Park and Perrin Woods Elementary School. Sunnyland is well-lit and has one of the lowest neighborhood crime rates in the city.