Springfield, CO
Population 1,482 · Colorado
About Springfield, CO
Springfield is a small town located in Colorado with a population of 1,482 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,368 per year, which is 44% below the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Springfield features a median home value of $122,600, which is 50% below the national median of $244,900. This makes Springfield one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $551, 53% below the national average of $1,163/month. Of the 741 total housing units, 67% are owner-occupied (435 units) and 33% are renter-occupied (219 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Springfield shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.5%, above the national average of 12.4%. Workers in Springfield have an average one-way commute time of 8.7 minutes, one of the shorter commutes in the region.
Education & Demographics
24.0% of Springfield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 12.4% White, 1.0% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 6.6% of the population being foreign-born.
How Springfield Ranks in Colorado
Cost of Living in Springfield, CO
Compared to national averages, Springfield has a median household income of $42,368 (44% below the national median of $75,149). Home values average $122,600, which is 50% below the national median. Monthly rent at $551 is 53% below the US average of $1,163. Within Colorado, Springfield's income is 52% below the state average of $88,514, and home values are 73% below the state median of $457,127.
Why Live in Springfield, CO?
Springfield offers affordable housing with a median home value of $122,600, below the US average of $244,900, and rent that’s lower than the national average at $551/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features short commute times averaging just 8.7 minutes.
Potential considerations include median household income ($42,368) that falls below the national average. However, Springfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Springfield has a population of 1,482 with a median age of 41.1 years. Compare Springfield with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Springfield
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Leadville North | 1,470 | $96,447 | $397,900 | Compare |
| Paonia | 1,454 | $52,466 | $301,300 | Compare |
| Parachute | 1,513 | $58,910 | $269,500 | Compare |
| Nederland | 1,523 | $103,452 | $631,100 | Compare |
| Crested Butte | 1,436 | $71,923 | $928,100 | Compare |
| Alamosa East | 1,404 | $44,741 | $219,100 | Compare |
| Limon | 1,572 | $46,950 | $208,000 | Compare |
| Del Norte | 1,576 | $39,861 | $175,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Springfield With Other Cities
Frequently Asked Questions about Springfield
What is the population of Springfield, CO?
The population of Springfield, CO is 1,482 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Springfield?
The median household income in Springfield, CO is $42,368 per year, which is 44% below the national median of $75,149.
What is the median home value in Springfield?
The median home value in Springfield, CO is $122,600, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Springfield?
The median monthly rent in Springfield, CO is $551, which is 53% below the national average of $1,163/month.
What is the unemployment rate in Springfield?
The unemployment rate in Springfield, CO is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Springfield, CO a good place to live?
Springfield offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,482 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Springfield, CO?
24.0% of residents in Springfield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Springfield?
Key cost-of-living indicators for Springfield, CO: median home value is $122,600 (50% below national), median rent is $551/month, and median household income is $42,368. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Springfield?
The poverty rate in Springfield, CO is 16.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Springfield, CO?
Springfield's population is 12.4% White, 1.0% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.7% two or more races. 6.6% of residents are foreign-born.