How much rent can you afford in Springfield, TN?
Run your salary against Springfield's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Springfield
At a median rent of $1,630/mo, Springfield is moderately stretched when measured against Springfield median household income of $59,465/yr. Rent would consume roughly 33% of pre-tax income, and a salary of about $65,200 keeps rent at the recommended 30% threshold.
How Springfield compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Springfield?
On a $59,465 salary (the Springfield median household income), the recommended ceiling is 30% of pre-tax income, or about $1,487/mo. Springfield's median rent is $1,630/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Springfield?
To keep Springfield's $1,630/mo median rent under 30% of income, you'd need about $65,200/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Springfield affordable on the median Tennessee income?
Springfield is moderately stretched on a $59,465 income. Rent would take 33% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".