Cost of Living in Springfield, MO: Overview

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Services for Real Estate Pros with InboundREM

Cost of Living in Springfield, MO: Overview 

While the average monthly rent for a one-bedroom apartment is between $600 and $900 depending on the neighborhood or kind of building chosen, median house values in Springfield, Missouri, rest below the national average at around $150K. This makes the city appealing to people looking to escape from high rates elsewhere. With tax rates slightly lower than in some rural areas of the country but still higher than in other cities around Missouri, it is projected that the Cost of Living in Springfield, MO, will remain close to the U.S. average for necessities like food and utilities. The cost of living there can vary depending on your employment, the typical wage in the area, and the real estate market there. In Springfield, Missouri, essentials like food and clothing cost about 8% less than elsewhere. Clothing costs about 8% less. 

Typical Closing Costs for Home Buyers in Springfield

Housing

Housing costs are the most considerable single expense for most American households. Rent and housing costs are factored into living costs in a particular city. Springfield's average monthly rent is $1,140, and the median home price is $320,996.

Utilities

Utility costs are associated with both owning and renting. These expenses cover necessities like energy and telephone service. Energy costs in Springfield average $135.32 a month.

Food

The most essential need is food, and its price varies nationwide. The cost of everyday items, including dairy, meat, and produce, is included in this section. In Springfield, a gallon of milk costs approximately $2.91, a dozen eggs costs about $2.74, and a pound of potatoes costs about $3.68.

Experience the Best Places in Springfield.

Springfield Conservation Nature Center

Hikers and animal watchers can enjoy various leisure activities at the 79-acre Springfield Conservation Nature Center. In addition, the center offers helpful self-guided exhibits and displays, as well as scheduled guided tours.

Nathanael Greene/Close Memorial Park

The Springfield Botanical Gardens is one of the attractions in the 113-acre Nathanael Greene/Close Memorial Park in Springfield, Massachusetts. Numerous themed gardens may be found in the botanical gardens, including ones with hosta, daylilies, Asiatic lilies, iris, peonies, roses, dwarf conifers, attractive grasses, and other plants.

Dickerson Park Zoo

More than 500 animals live in the 100-acre Dickerson Park Zoo in Springfield, Mississippi, home to 160 distinct species. The zoo's main objective is to inform the general public about wildlife and the natural world and capture their interest in conservation. 


If you have any queries, please don't hesitate to make an appointment or contact us through one of our social media accounts. Visit 
 
https://gatewaymo.com/springfield-mo-cost-of-living/ 

 

If you would like to receive a FREE Competitive Market Analysis, contact me today.

 

Let us help you find your perfect home!

 

If you require a Buyer's Agent to represent you during your transaction, please feel free to contact our office at 
417-241-6565
. We would be glad to work with you to get the best deal possible for your transaction.

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POSTED BY

Ryan Kell

417-241-6565

729 W. Center Circle #102A

Nixa, MO 65714

https://gatewaymo.com/

 

Comments (2)

Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent post.Thank you for sharing. Have a wonderful day and a blessed week.

Nov 02, 2023 07:09 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Great information for home buyers & sellers in your area. Thanks for sharing your thoughts with us in the Rain!

 

Nov 10, 2023 08:13 AM