salaryRent is higher than in 86% of U.S. cities. Household incomes are higher than in 85% of U.S. cities. A typical house costs about 4.7 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $101,600 a year. That is $49 an hour at a full-time job.
Is rent cheaper than other Virginia cities?
No. Rent here is more expensive than in most of Virginia. It is number 146 of 199 cities from cheapest to most expensive.
How much do households earn in Springfield?
Share of households by yearly income. 51.4% of households earn $100,000 or more.
Rent by apartment size in Springfield
| Size | Springfield | U.S. average |
|---|---|---|
| Studio | $3,119 | $1,338 |
| 1 bedroom | $2,542 | $1,324 |
| 2 bedrooms | $2,639 | $1,509 |
| 3 bedrooms | $2,744 | $1,698 |
| 4 bedrooms | $3,386 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Springfield overall?
Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Springfield, so the Virginia figure is shown.
Taxes and bills in Springfield
Life in Springfield
Is it cheaper to rent or buy in Springfield?
Renting is cheaper right now: about $1,903 a month less.
Owning assumes a typical $640,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $64,030 for the down payment.
Frequently asked questions
What is the average rent in Springfield, VA?
Renting in Springfield costs a median of about $2,540 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Springfield?
To keep rent under 30% of income, you need about $101,600 a year, or $49 an hour at a full-time job.
Is Springfield cheap or expensive?
Springfield is rated OK: rent takes 22.4% of the typical household income of $135,890. It ranks 146th cheapest of 199 Virginia cities we track.
How much are property taxes in Springfield?
The median homeowner in Springfield pays $6,447 a year in property taxes, about 1.01% of the median home value.
Is Springfield more expensive than the national average?
Overall prices in Virginia are 1% 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 $640,300, about 4.7 times the typical yearly household income.
31,154 people live in Springfield. Numbers are typical (middle) values.