Overall
88.6
Cheap
Metro cost profile · 2024 BEA RPP
Springfield, MO
Cost-of-living indicators for Springfield, MO, from Bureau of Economic Analysis Regional Price Parities, overall, goods, services, and rents vs the U.S. average of 100.
- 88.6
- Overall RPP
- #321
- of 387 metros
- 65.6
- Rents RPP
- $113K
- $100K national buys
Springfield ranks #321 of 387 U.S. metros by cost, and its overall price index has fallen 3.2 points since 2008.
- falling since 2008
- similar cost to Owensboro
The verdict
Springfield costs less than 83% of U.S. metros, an overall index of 88.6, 11.4% below the national average, with rents the biggest swing at 65.6.
- bottom 17%
- by overall cost, nationwide
- 94.2
- goods RPP, tradable items
- 85.8
- services RPP, labor-priced
A $100,000 national salary carries the purchasing power of about $112,886 here; matching a $100K lifestyle takes roughly $88,585.
Salary Equivalent
A $100,000 salary at the national average cost of living equals:
$88,585
in Springfield, MO purchasing power
$50,000 nationally
$44,292
$75,000 nationally
$66,439
$125,000 nationally
$110,731
$150,000 nationally
$132,878
$200,000 nationally
$177,170
Use the salary calculator for custom amounts.
Affordability score
B
76/100
How far the median local paycheck goes here, combining income and housing cost
Purchasing power
Not reported
Housing affordability B
76th percentile
A weighted composite (60% purchasing power, 40% housing affordability) percentile-ranked against every other tracked metro; a missing input redistributes its weight rather than deflating the score. Sources: Census ACS 5-Year 2023 (income) + BEA Regional Price Parities 2024 (cost). Vintages differ by design; see methodology.
Housing-led affordability profile
How Springfield's cost structure works
Housing is the strongest affordability offset in Springfield: rents index at 65.6, the component furthest below the national benchmark. That does not make every local expense low, but it is the clearest explanation for the metro's overall RPP of 88.6.
Across all reported metros, the closest component-profile matches are Elkhart-Goshen, IN, Evansville, IN, Longview, TX. They resemble Springfield across goods, services, and rents together, so they are stronger structure peers than a place selected only because its overall RPP happens to be nearby.
Across 2008-2024, Springfield's overall index has fallen by 3.2 points. This is a relative price-level history, not a prediction or a personal affordability recommendation; pair it with current local wages and housing options before making a decision.
Springfield vs every U.S. metro
Where this metro sits in the national cost distribution
89 Bottom 17% higher than 17% of 387 US metros
Each bar is a band; taller bars hold more US metros. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Bureau of Economic Analysis, Regional Price Parities · 2024
Springfield cost breakdown
BEA RPP by category, 100 = national average
- Rents
Rents
65.6 RPP
- Services
Services
85.8 RPP
- Overall
Overall
88.6 RPP
- Goods
Goods
94.2 RPP
What this shows Springfield's cost structure is housing-led: rents at 65.6 depart furthest from 100, while services sits at 85.8. This is a rent-sensitive profile, not a claim that every local expense moves together.
Goods vs. housing, where Springfield's cost comes from
Metros near Springfield's overall cost, plotted by their goods price (horizontal) and housing price (vertical). Same headline RPP, very different structures.
Read the chart as text
- Springfield (Springfield, this metro): goods RPP 94.2, rents RPP 65.6
- Owensboro: goods RPP 96.2, rents RPP 55.7
- Macon: goods RPP 96.3, rents RPP 58.9
- Hickory: goods RPP 96.6, rents RPP 59.6
- Goldsboro: goods RPP 96.6, rents RPP 57.7
- Charleston: goods RPP 96.3, rents RPP 51.4
- Decatur: goods RPP 93.6, rents RPP 56.2
Price Index Summary
Goods
94.2
Below avg
Services
85.8
Cheap
Rents
65.6
Cheap
Latest BEA release change
What changed from 2023 to 2024
Springfield's overall RPP fell -0.5 points, from 89.1 in 2023 to 88.6 in 2024. The largest category movement was rents, changing from 68.1 to 65.6. This is a relative change against the national benchmark, not a household's dollar bill.
RPP History (2008-2024)
The cost of living has been trending downward, decreasing by 3.2 points over this period. The largest single-year move was in 2023, when the index jumped 2.4 points from the year before.
Springfield overall RPP, 2008-2024
Every year on record, national average = 100
| Year | Overall |
|---|---|
| 2008 | 91.7 |
| 2009 | 92.2 |
| 2010 | 92.0 |
| 2011 | 90.4 |
| 2012 | 90.8 |
| 2013 | 91.4 |
| 2014 | 89.9 |
| 2015 | 90.3 |
| 2016 | 89.5 |
| 2017 | 88.3 |
| 2018 | 89.8 |
| 2019 | 90.1 |
| 2020 | 88.5 |
| 2021 | 89.1 |
| 2022 | 86.7 |
| 2023 | 89.1 |
| 2024 | 88.6 |
Metros with Similar Cost of Living
These metros have an overall RPP closest to Springfield, MO's index of 88.6.
Showing the 6 closest of 387 metro areas tracked nationally.
MO-relative analysis
Goods prices sits close to the middle of MO's metro distribution
Among the 8 MO metros PlainCost tracks with reported goods prices data, Springfield, MO ranks #3 - the 38th percentile within the state. This is a different, narrower cut than the nationwide rank above: it compares Springfield, MO only against its own state's metros, not the full US field.
Goods prices
#3 of 8
38th percentile in MO
Services prices
#5 of 8
38th percentile in MO
Rent prices
#4 of 8
50th percentile in MO
Ranked by raw value (highest first); a higher rank is not automatically "more expensive is worse", see the national comparison above for direction context. This is a comparison within MO only, not a livability score.
Nationwide metros with similar overall cost or rent prices
Two BEA RPP-derived peer sets for Springfield, MO: nearest metros by overall regional price parity and by rents RPP. These are cross-state neighborhoods, not the in-state metro list below.
Similar overall RPP
Nearest metros by overall regional price parity (88.6 here).
Similar rents RPP
Nearest metros by rents regional price parity (65.6 here).
Other MO Metros
St. Louis, MO-IL 95.1 Kansas City, MO-KS 92.5 Columbia, MO 89.4 Jefferson City, MO 88.0 St. Joseph, MO-KS 86.4 Cape Girardeau, MO-IL 86.1
View all MO metros → Cheapest in MO → Most expensive in MO →
Decision peers
Metros with a similar cost mix
These metros are closest to Springfield's combined goods, services, and rents profile. They may not have the same overall RPP, but their price pressures are shaped in a similar way.
Elkhart-Goshen, IN
Goods 94.3 · Services 86.4 · Rents 64.3 Evansville, IN
Goods 94.3 · Services 86.7 · Rents 66.7 Longview, TX
Goods 93.8 · Services 83.5 · Rents 66.7 Montgomery, AL
Goods 96.4 · Services 84.9 · Rents 64.3 Wichita, KS
Goods 94.0 · Services 88.5 · Rents 66.2 Michigan City-La Porte, IN
Goods 94.3 · Services 86.4 · Rents 68.5
Compare to Other Metros
Shareable data card
Take this cost snapshot with you
Download the data card or share this exact metro record. The card uses the same BEA-derived values shown above.
Cost of living guides →, cheapest and most-expensive metro rankings, salary negotiation with RPP data, and step-by-step comparison walkthroughs.
What this means for Springfield
How to read Springfield's cost of living before a move, a job offer, or a budget.
- Budget to local prices, not headline pay, a $100K national salary spends like about $112,886 in Springfield. Salary calculator
- Start with rents: it indexes at 65.6, the largest departure from the national benchmark in this metro's BEA cost mix. Compare it with the other components before treating the overall RPP as a complete household budget.
- Compare Springfield head-to-head against a specific destination before you decide. Compare metros
RPP is BEA's annual price-level benchmark for the data year shown, not a live market quote. Pair it with current local wages and housing costs before deciding.
Frequently Asked Questions
What is the cost of living in Springfield, MO?
Springfield, MO has a Regional Price Parity (RPP) index of 88.6, meaning it is 11.4% less expensive than the national average. Goods are indexed at 94.2, services at 85.8, and rents at 65.6. It ranks #321 out of 387 U.S. metro areas by overall cost.
What salary do I need in Springfield, MO to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $88,585 in Springfield, MO. Conversely, $100K earned in Springfield, MO has the purchasing power of $112,886 at the national average.
How expensive is rent in Springfield, MO?
Rents in Springfield, MO are indexed at 65.6, which is 34.4% below the national average. This makes the area relatively affordable for renters.
Is Springfield, MO getting more expensive?
From 2008 to 2024, Springfield, MO's overall cost index changed by -3.2 points (from 91.7 to 88.6). The cost of living has been declining.
What costs the most in Springfield, MO?
The priciest category in Springfield, MO is goods at 94.2, 5.8% below the national average, still the highest of the three categories. The most affordable category is rents at 65.6, 34.4% below average.
What metros have a similar cost of living to Springfield, MO?
Metros with the most similar overall cost index include Owensboro, Macon-Bibb County, Hickory-Lenoir-Morganton. These areas have RPP values within a few points of Springfield, MO's 88.6.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.