Springfield, IL
Population 113,714 · Illinois
About Springfield, IL
Springfield is a major city located in Illinois with a population of 113,714 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,537 per year, which is 13% below the national median of $75,149. The median age of 40.7 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 $155,200, which is 37% below the national median of $244,900. This positions Springfield in a moderately priced market relative to the rest of the country. Median monthly rent is $945, 19% below the national average of $1,163/month. Of the 57,220 total housing units, 63% are owner-occupied (32,232 units) and 37% are renter-occupied (18,571 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 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. 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 17.7 minutes, one of the shorter commutes in the region.
Education & Demographics
35.1% 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 1.5% White, 0.8% Hispanic or Latino, 0.7% Black or African American, and 1.1% Asian residents, with 4.5% of the population being foreign-born.
How Springfield Ranks in Illinois
Cost of Living in Springfield, IL
Compared to national averages, Springfield has a median household income of $65,537 (13% below the national median of $75,149). Home values average $155,200, which is 37% below the national median. Monthly rent at $945 is 19% below the US average of $1,163. Within Illinois, Springfield's income is 13% below the state average of $75,072, and home values are 6% below the state median of $165,779.
Why Live in Springfield, IL?
Springfield offers affordable housing with a median home value of $155,200, below the US average of $244,900, and rent that’s lower than the national average at $945/month, and a well-educated community where 35.1% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 17.7 minutes.
Potential considerations include median household income ($65,537) that falls below the national average. However, as a major city, Springfield provides access to a wide range of amenities and services.
Springfield has a population of 113,714 with a median age of 40.7 years. Compare Springfield with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Springfield
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elgin | 114,106 | $88,316 | $252,400 | Compare |
| Peoria | 112,126 | $58,716 | $149,500 | Compare |
| Waukegan | 88,919 | $70,578 | $177,600 | Compare |
| Champaign | 88,822 | $57,544 | $199,700 | Compare |
| Cicero | 83,223 | $68,548 | $236,000 | Compare |
| Rockford | 147,649 | $53,328 | $120,900 | Compare |
| Bloomington | 78,703 | $75,449 | $198,800 | Compare |
| Naperville | 149,424 | $150,937 | $509,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
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, IL?
The population of Springfield, IL is 113,714 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Illinois.
What is the median household income in Springfield?
The median household income in Springfield, IL is $65,537 per year, which is 13% below the national median of $75,149.
What is the median home value in Springfield?
The median home value in Springfield, IL is $155,200, which is 37% 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, IL is $945, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Springfield?
The unemployment rate in Springfield, IL is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Springfield, IL a good place to live?
Springfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 113,714 and a median age of 40.7, the city appeals to a broad range of residents.
How educated is Springfield, IL?
35.1% of residents in Springfield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Springfield?
Key cost-of-living indicators for Springfield, IL: median home value is $155,200 (37% below national), median rent is $945/month, and median household income is $65,537. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Springfield?
The poverty rate in Springfield, IL 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, IL?
Springfield's population is 1.5% White, 0.8% Hispanic or Latino, 0.7% Black or African American, 1.1% Asian, and 19.5% two or more races. 4.5% of residents are foreign-born.