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Springfield, MA Rent Affordability Calculator

The median rent in the Springfield, MA area is $1,136 a month including utilities, which takes 19% of the median household income ($71,306). Paying it on 30% of income needs about $45,440 a year.

On $71,000 a year, 30% of income is $1,775 a month for rent. A $1,140 rent takes 19.3% of gross income; many landlords want income of 40 times the rent, $45,600.

Rent you can afford
$1,775 a month
That rent takes
19.3% of income
Income a landlord may ask for (40× rent)
$45,600

Rent you can afford in Springfield, MA by income (30% rule)

IncomeAffordable rentAgainst the median rent
$40,000$1,000−12.0%
$60,000$1,50032.0%
$80,000$2,00076.1%
$100,000$2,500120.1%
$150,000$3,750230.1%

How this calculator works

Median gross rent and median household income for the Springfield, MA metropolitan area, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. Affordable rent is 30% of gross monthly income.

What it assumes

  • Medians across all rentals, of every size and age; new listings usually ask more.

Questions people ask

What is the average rent in Springfield, MA?

The median gross rent is $1,136 a month, including utilities (Census American Community Survey 2020–2024 5-year estimates).

What salary do I need to live in Springfield, MA?

To rent at the median on 30% of income, about $45,440 a year; many landlords ask for 40 times the rent, $45,440.

Is rent affordable in Springfield, MA?

The median rent takes 19% of the median household income there, within the 30% guideline.

How does the cost of living in Springfield, MA compare?

Overall prices are 3.9% below the US average, and housing 24.2% below (BEA, 2024).

Nearby and large metro areas

Related calculators

  • Rent Affordability CalculatorThe rent your income supports under the 30% guideline, what a given rent takes of your pay, and the income landlords often ask for, with median rents in large metro areas.
  • Springfield, MA Cost of Living CalculatorPrices in the Springfield, MA area are 3.9% below the US average, and housing 24.2% below (BEA, 2024). Compare a salary here with anywhere else.
  • Rent vs Buy CalculatorWhether buying or renting leaves you better off after the years you plan to stay, counting mortgage interest, tax, upkeep, selling costs and what a renter earns investing the down payment.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.