Salary & Cost of Living in Springfield, MA
Springfield, MA: $48,500 median salary, cost of living index 98, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$48,500
$23/hr
Cost of Living
98
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
5%
rate
Springfield, MA Overview
Population
155,929
Median Salary
$48,500
Average Salary
$54,000
Avg Commute
22 min
Median Home Price
$210,000
Median Rent
$1,100/mo
Job Growth
+0.8%
Sales Tax
6.25%
Springfield is located in Massachusetts with a population of 155,929. The median household salary is $48,500 per year ($23/hour), which is $10,884 below the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +0.8%.
Springfield Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Springfield, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$38,583
$3,215.27/month · $1,483.97/biweekly · Effective Rate: 20.4%
Gross Pay
$48,500
Federal Tax
-$3,782
State Tax
-$2,425
Local Tax
$0
FICA
-$3,710
Net Pay
$38,583
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,041.67 | $48,500.00 |
| Federal Income Tax | -$315.13 | -$3,781.50 |
| Massachusetts State Tax (5%) | -$202.08 | -$2,425.00 |
| Social Security (6.2%) | -$250.58 | -$3,007.00 |
| Medicare (1.45%) | -$58.60 | -$703.25 |
| Net Take-Home Pay | $3,215.27 | $38,583.25 |
Salary Comparison: Springfield vs Other Cities
See how Springfield's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Springfield, MA | $48,500 | 98 | $49,490 |
| National Average | $59,384 | 100 | $59,384 |
| Fresno, CA | $48,500 | 100 | $48,500 |
| Augusta, GA | $48,500 | 86 | $56,395 |
| South Bend, IN | $48,500 | 84 | $57,738 |
| Dayton, OH | $48,500 | 82 | $59,146 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Springfield
Springfield's cost of living index is 98 (national average = 100). Living in Springfield is 2% less expensive than the national average.
Median Home Price
$210,000
Median Monthly Rent
$1,100
Annual Rent Cost
$13,200
Your Salary's Purchasing Power
Your $38,583 annual take-home pay in Springfield has the purchasing power of approximately $39,371 in an average-cost US area. Your $48,500 salary stretches further here than in most US cities.
Top Industries in Springfield
Springfield's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $48,500.
Salary Tips for Springfield Workers
- Research top industries. Springfield's top industries include Healthcare, Education, Manufacturing. Targeting roles in these sectors can help you earn above the $48,500 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Springfield, MA?
The median salary in Springfield, MA is $48,500 per year, or $23 per hour. The average salary is $54,000. This is $10,884 below the national median of $59,384.
What is the cost of living in Springfield, MA?
Springfield's cost of living index is 98 (national average = 100), meaning it is 2% less expensive compared to the national average. The median home price is $210,000 and the median monthly rent is $1,100.
What are the best industries in Springfield?
The top industries in Springfield, MA include Healthcare, Education, Manufacturing. The city has a job growth rate of 0.8% and an unemployment rate of 5%. Workers in these industries often earn above the city's median salary of $48,500.
How does Springfield's salary compare to other cities?
Springfield's median salary of $48,500 is 18.3% below the national median of $59,384. However, when adjusted for cost of living (index: 98), the real purchasing power is approximately $49,490.
What is the minimum wage in Springfield, MA?
The minimum wage in Springfield, MA is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.