States › Florida › Springfield

Is Springfield, FL expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$91848% lower than U.S. average
💵 Families earn per year (2026)$58,737about $4,895/month · 33% lower than U.S. average
🔑 House price$188,60043% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $36,720 a year. That is $18 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 5 of 479 cities from cheapest to most expensive.

Springfield
$918
Ave Maria
$2,894
Dade City
$1,863
Westgate
$1,495
North Bay Village
$2,417
Sky Lake
$2,314
Odessa
$2,455

How much do households earn in Springfield?

Under $25k
19.3%
$25k–50k
28.4%
$50k–100k
35.3%
$100k–150k
7.8%
$150k+
4.1%

Share of households by yearly income. 11.9% of households earn $100,000 or more.

Rent by apartment size in Springfield

SizeSpringfieldU.S. average
1 bedroom$1,244$1,324
2 bedrooms$1,310$1,509
3 bedrooms$1,654$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Springfield overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Springfield, so the Florida figure is shown.

Taxes and bills in Springfield

🏛️ Property tax$990a year · 0.52% of home value · U.S. $3,119
⚡ Electric bill$193a month (typical) · U.S. $156

Life in Springfield

Commute to work23 minU.S.: 26.4 min
College degree15.5%U.S.: 35.7%
Own their home62%U.S.: 65.2%
Below poverty line22.3%U.S.: 12.5%
Unemployment2.1%U.S.: 5.2%

Is it cheaper to rent or buy in Springfield?

Renting is cheaper right now: about $391 a month less.

Renting
$918
Owning
$1,309

Owning assumes a typical $188,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,860 for the down payment.

Frequently asked questions

What is the average rent in Springfield, FL?

Renting in Springfield costs a median of about $918 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Springfield?

To keep rent under 30% of income, you need about $36,720 a year, or $18 an hour at a full-time job.

Is Springfield cheap or expensive?

Springfield is rated Cheap: rent takes 18.8% of the typical household income of $58,737. It ranks 5th cheapest of 479 Florida cities we track.

How much are property taxes in Springfield?

The median homeowner in Springfield pays $990 a year in property taxes, about 0.52% of the median home value.

Is Springfield more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Springfield?

The median home value in Springfield is $188,600, about 3.2 times the typical yearly household income.

8,230 people live in Springfield. Numbers are typical (middle) values.