Affordable

What Salary Do You Need to Live in Springfield?

To afford a 2-bedroom in Springfield, you need to earn at least $24,400/year based on estimated fair market rent data. The median household income here is $36,354, which means the typical resident is $11,954 above the threshold.

Census ACS Data Pop. 1,357

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$427	$1,423	$17,080	$-19,274
1 Bedroom	$506	$1,687	$20,240	$-16,114
2 Bedroom BENCHMARK	$610	$2,033	$24,400	$-11,954
3 Bedroom	$744	$2,480	$29,760	$-6,594
4 Bedroom	$915	$3,050	$36,600	+$246

Affordability Breakdown

Where the required salary line crosses above Springfield's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$36,354

Annual household

2BR Required Salary

$24,400

Under 30% rule

Income Gap

+$11,954

Surplus

Verdict

Affordable

Ratio: 20.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Springfield

Your Annual Salary

Pre-filled with Springfield's median household income

Max monthly rent you can afford$909

Studio

$427/mo

1 BR

$506/mo

2 BR

$610/mo

3 BR

$744/mo

4 BR

$915/mo

Your salary is $0 above the median income in Springfield.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Springfield's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Springfield

Living in Springfield is well within reach for most median-income earners. With a $11,954 cushion between what residents earn and what a 2-bedroom requires, households in Springfield typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Springfield, a studio at $427/month offers an even more aggressive savings rate. Even a 3-bedroom at $744/month remains accessible for dual-income households earning above $29,760.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $36,600 would position you well — though many residents in Springfield manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Springfield, Colorado.

With a total population of 1,357, the city supports an active civilian workforce of 555 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $24,400 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

555

Active civilian employees in Springfield

Frequently Asked Questions About Renting in Springfield

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

To afford a 2-bedroom in Springfield under the 30% rule, you need an annual salary of at least $24,400. The median household income in Springfield is $36,354.

Can I afford a 2-bedroom in Springfield on $36,354?

The affordability verdict for Springfield is "Affordable". The rent-to-income ratio is 20.1%, meaning median earners have a $11,954 surplus.

What is the average rent in Springfield compared to median income?

The median gross rent in Springfield is $506/month. With a median household income of $36,354, residents spend approximately 20.1% of their income on rent.

What salary do I need for a studio in Springfield?

A studio in Springfield rents for approximately $427/month. Under the 30% rule, you need an annual salary of $17,080 to afford this.

Is Springfield considered an affordable place to live?

Based on the surplus of $11,954 and an affordability verdict of "Affordable", Springfield is considered a affordable rental market when comparing the required 2-bedroom salary of $24,400 to the local median household income.

How Springfield Compares

Other cities in Colorado with salary requirements