Springfield, MA at a glance
Median household income
$52,656$4,388 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Springfield, MA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Springfield, MA? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Springfield, MA MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,219 | $14,628 | $48,760 | 27.8% |
| 1-Bedroom Apartment | $1,382 | $16,584 | $55,280 | 31.5% |
| 2-Bedroom ApartmentBenchmark | $1,734 | $20,808 | $69,360 | 39.5% |
| 3-Bedroom Home | $2,127 | $25,524 | $85,080 | 48.5% |
| 4-Bedroom Home | $2,296 | $27,552 | $91,840 | 52.3% |
What a typical income covers in Springfield, MA
The 50/30/20 rule applied to the local median of $52,656 a year ($4,388 a month before tax).
What $52,656 leaves after Massachusetts taxes
Federal income tax, Social Security, Medicare and Massachusetts tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Massachusetts
Living in Springfield, MA: common questions
What is the median household income in Springfield, MA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Springfield, MA is $52,656 per year (approximately $4,388 per month).
What is the average rent in Springfield, MA?
The closest official figure is HUD's Fair Market Rent for 2026: $1,219 for a studio, $1,382 for one bedroom, $1,734 for two, $2,127 for three and $2,296 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Springfield, MA expensive to live in?
Prices there run 3.9% below the U.S. average. BEA's regional price parity for the metro area is 96.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Springfield, MA?
To keep a $1,734 two-bedroom under 30% of gross income, a household needs about $69,360 a year, or $5,780 a month. That is 132% of what the typical household in Springfield, MA earns.
How much do you need to live comfortably in Springfield, MA?
On the local median income of $52,656 ($4,388 a month before tax), the 50/30/20 rule leaves $2,194 a month for needs like rent, utilities and groceries, $1,316 for everything else and $878 for savings or debt. A two-bedroom at $1,734 takes 79% of the needs share.
How much is the electric bill in Springfield, MA?
Homes in Massachusetts paid 29.6¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $266. Your bill depends mostly on heating and cooling.