Salary & Cost of Living in Springfield, OH
Springfield, OH: $51,617 median salary, cost of living index 86.9, $10.45/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$51,617
$25/hr
Cost of Living
86.9
US avg = 100
Minimum Wage
$10.45
per hour
Unemployment
4.1%
rate
Springfield, OH Overview
Population
58,662
Median Salary
$51,617
Average Salary
$57,811
Avg Commute
20 min
Median Home Price
$207,000
Median Rent
$857/mo
Job Growth
+2.4%
Sales Tax
5.75%
Springfield is located in Ohio with a population of 58,662. The median household salary is $51,617 per year ($25/hour), which is $7,767 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +2.4%.
Springfield Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Springfield, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,989
$3,415.72/month · $1,576.49/biweekly · Effective Rate: 20.6%
Gross Pay
$51,617
Federal Tax
-$4,156
State Tax
-$1,807
Local Tax
-$717
FICA
-$3,949
Net Pay
$40,989
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,301.42 | $51,617.00 |
| Federal Income Tax | -$346.30 | -$4,155.54 |
| Ohio State Tax (3.5%) | -$150.55 | -$1,806.60 |
| Local Tax (1.39%) | -$59.79 | -$717.48 |
| Social Security (6.2%) | -$266.69 | -$3,200.25 |
| Medicare (1.45%) | -$62.37 | -$748.45 |
| Net Take-Home Pay | $3,415.72 | $40,988.69 |
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, OH | $51,617 | 86.9 | $59,398 |
| National Average | $59,384 | 100 | $59,384 |
| Friendswood, TX | $51,585 | 95.4 | $54,072 |
| Dunedin, FL | $51,661 | 101.7 | $50,797 |
| Troy, MI | $51,669 | 87.2 | $59,253 |
| St. Charles, MO | $51,553 | 83.4 | $61,814 |
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 86.9 (national average = 100). Living in Springfield is 13.099999999999994% less expensive than the national average.
Median Home Price
$207,000
Median Monthly Rent
$857
Annual Rent Cost
$10,284
Your Salary's Purchasing Power
Your $40,989 annual take-home pay in Springfield has the purchasing power of approximately $47,168 in an average-cost US area. Your $51,617 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 $51,617.
Salary Tips for Springfield Workers
- Your salary goes further here. Springfield has a cost of living 13.099999999999994% below the national average. A salary of $51,617 here has the purchasing power of about $59,398 in an average-cost area.
- Research top industries. Springfield's top industries include Manufacturing, Healthcare, Finance. Targeting roles in these sectors can help you earn above the $51,617 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.
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Frequently Asked Questions
What is the median salary in Springfield, OH?
The median salary in Springfield, OH is $51,617 per year, or $25 per hour. The average salary is $57,811. This is $7,767 below the national median of $59,384.
What is the cost of living in Springfield, OH?
Springfield's cost of living index is 86.9 (national average = 100), meaning it is 13.099999999999994% less expensive compared to the national average. The median home price is $207,000 and the median monthly rent is $857.
What are the best industries in Springfield?
The top industries in Springfield, OH include Manufacturing, Healthcare, Finance. The city has a job growth rate of 2.4% and an unemployment rate of 4.1%. Workers in these industries often earn above the city's median salary of $51,617.
How does Springfield's salary compare to other cities?
Springfield's median salary of $51,617 is 13.1% below the national median of $59,384. However, when adjusted for cost of living (index: 86.9), the real purchasing power is approximately $59,398.
What is the minimum wage in Springfield, OH?
The minimum wage in Springfield, OH is $10.45 per hour. This equals approximately $21,736 per year for a full-time worker (40 hours/week). This is $3.20 above the federal minimum wage of $7.25/hour.