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Springfield, VA vs Wakefield, VA

170
Springfield
Virginia
VS
-20.1%
212
Wakefield
Virginia

There is a significant gap in the cost of living between these two cities. Springfield is 20.1% cheaper than Wakefield. With a cost index of 170 vs 212, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Springfield to Wakefield should plan for substantially higher expenses across most categories.

On the housing front, median rent in Springfield is $2,643/month compared to $3,501/month in Wakefield — a 25% difference. Home values follow the same pattern: Springfield is more affordable at $622,200 median vs $826,100.

Median household income in Springfield is $123,691 compared to $221,793 in Wakefield (-44.2%). While Wakefield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Springfield spend roughly 25.6% of their income on rent, more than the 18.9% in Wakefield.

Climate-wise, both cities share similar average temperatures (59.3°F vs 59.3°F). Wakefield receives more rainfall at 41.8" per year compared to 41.8" in Springfield.

Income & Cost

Cost of Living Index
Springfield
170
20% cheaper
Wakefield
212
Median Household Income
Springfield
$123,691
Wakefield
$221,793
44% higher

Housing

Median Rent
Springfield
$2,643
25% cheaper
Wakefield
$3,501
Median Home Value
Springfield
$622,200
25% cheaper
Wakefield
$826,100
Population
Springfield
30,894
Wakefield
12,024

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Springfield $3.26
Wakefield $3.26
US $3.07
🥚
Eggs (grade A, large)
Springfield $2.66
Wakefield $2.66
US $2.50
🥛
Milk (whole)
Springfield $4.28
Wakefield $4.28
US $4.03
🍞
Bread (white)
Springfield $1.97
Wakefield $1.97
US $1.85
🍗
Chicken breast
Springfield $4.41
Wakefield $4.41
US $4.14
Electricity
Springfield $0.20
Wakefield $0.20
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Springfield 59.3°F
Wakefield 59.3°F
Summer High
Springfield 90°F
Wakefield 90°F
Winter Low
Springfield 30°F
Wakefield 30°F
Rainfall
Springfield 41.8"
Wakefield 41.8"
Rainy Days
Springfield 118d
Wakefield 118d