Cost of Living in Springfield, MA

How far does a $70,000 salary go in Springfield? Estimated income taxes on that gross salary total approximately $10,741 per year — combining federal taxes with Massachusetts's state income tax. Subtract rent for a 2-bedroom apartment ($1,734/month based on HUD Fair Market Rents for the Springfield metro area) and the estimated annual take-home is $38,451, or roughly $3,204 per month for everything else: food, transportation, savings, and discretionary spending.

The Springfield metro has a cost of living index of 78.5 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 22% below the national average, Springfield is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Springfield represents approximately 30% of gross income. That exceeds the conventional 30% guideline, meaning housing takes a significant share of the budget at this income level.