States › Tennessee › Springfield

Is Springfield, TN expensive to live in?

ExpensiveRent takes 31 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6764% lower than U.S. average
💵 Families earn per year (2026)$64,133about $5,344/month · 26% lower than U.S. average
🔑 House price$253,60024% lower than U.S. average

Rent is higher than in 51% of U.S. cities. A typical house costs about 4.0 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $67,040 a year. That is $32 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

No. Rent here is more expensive than in most of Tennessee. It is number 85 of 114 cities from cheapest to most expensive.

Springfield
$1,676
Sevierville
$1,243
Goodlettsville
$1,787
Tullahoma
$1,279
East Ridge
$1,214
Dickson
$1,041
Seymour
$1,594

How much do households earn in Springfield?

Under $25k
16.6%
$25k–50k
31.7%
$50k–100k
36.4%
$100k–150k
10.4%
$150k+
3.2%

Share of households by yearly income. 13.7% of households earn $100,000 or more.

Rent by apartment size in Springfield

SizeSpringfieldU.S. average
Studio$788$1,338
1 bedroom$770$1,324
2 bedrooms$1,186$1,509
3 bedrooms$1,438$1,698
4 bedrooms$1,650$2,098

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

How expensive is Springfield overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
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 Tennessee figure is shown.

Taxes and bills in Springfield

🏛️ Property tax$1,298a year · 0.51% of home value · U.S. $3,119
⚡ Electric bill$220a month (typical) · U.S. $156

Life in Springfield

Commute to work28.7 minU.S.: 26.4 min
College degree16.6%U.S.: 35.7%
Own their home55.7%U.S.: 65.2%
Below poverty line22.4%U.S.: 12.5%
Unemployment4.7%U.S.: 5.2%

Is it cheaper to rent or buy in Springfield?

Renting is cheaper right now: about $84 a month less.

Renting
$1,676
Owning
$1,760

Owning assumes a typical $253,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,360 for the down payment.

Frequently asked questions

What is the average rent in Springfield, TN?

Renting in Springfield costs a median of about $1,676 a month in 2026, including utilities. The Tennessee median is $1,279.

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

To keep rent under 30% of income, you need about $67,040 a year, or $32 an hour at a full-time job.

Is Springfield cheap or expensive?

Springfield is rated Expensive: rent takes 31.4% of the typical household income of $64,133. It ranks 85th cheapest of 114 Tennessee cities we track.

How much are property taxes in Springfield?

The median homeowner in Springfield pays $1,298 a year in property taxes, about 0.51% of the median home value.

Is Springfield more expensive than the national average?

Overall prices in Tennessee are 8% below 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 $253,600, about 4.0 times the typical yearly household income.

19,255 people live in Springfield. Numbers are typical (middle) values.