Cost of Living in Springerton, IL

With a cost of living index of 64, Springerton, IL is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 15% below the Illinois state average of 80. Springerton is a small community of 86 residents.

Housing costs are the biggest factor in Springerton's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $52,500 (83% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Springerton is $36,250, which is 52% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Springerton. The area sees an average annual temperature of 57.2°F, with summers averaging 77°F and winters around 36°F. Annual rainfall totals 47.9 inches spread over roughly 118 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.