Springfield, NJ
Population 1,338 · New Jersey
About Springfield, NJ
Springfield is a small town located in New Jersey with a population of 1,338 residents according to the latest US Census Bureau American Community Survey data. The median household income is $177,045 per year, which is 136% above the national median of $75,149. The median age of 42 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Springfield features a median home value of $580,900, which is 137% above the national median of $244,900. This places Springfield in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,224, 91% above the national average of $1,163/month. Of the 492 total housing units, 79% are owner-occupied (364 units) and 21% are renter-occupied (96 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Springfield shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Springfield have an average one-way commute time of 26 minutes.
Education & Demographics
66.3% of Springfield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 7.3% White, 2.5% Hispanic or Latino, 11.3% Black or African American, and 0.0% Asian residents, with 46.9% of the population being foreign-born.
How Springfield Ranks in New Jersey
Cost of Living in Springfield, NJ
Compared to national averages, Springfield has a median household income of $177,045 (136% above the national median of $75,149). Home values average $580,900, which is 137% above the national median. Monthly rent at $2,224 is 91% above the US average of $1,163. Within New Jersey, Springfield's income is 53% above the state average of $115,667, and home values are 24% above the state median of $469,644.
Why Live in Springfield, NJ?
Springfield offers a strong local economy with a median household income of $177,045, well above the national average, and a strong job market with an unemployment rate of just 1.1%, and a well-educated community where 66.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $580,900. However, Springfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Springfield has a population of 1,338 with a median age of 42 years. Compare Springfield with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Springfield
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chesilhurst | 1,340 | $89,904 | $215,100 | Compare |
| Sunset Lake | 1,341 | $53,663 | $539,200 | Compare |
| Chester | 1,359 | $152,578 | $640,400 | Compare |
| Kean University | 1,359 | $0 | $0 | Compare |
| Milford | 1,306 | $88,295 | $304,100 | Compare |
| Centre Grove | 1,371 | $104,028 | $209,300 | Compare |
| Pemberton | 1,373 | $88,333 | $303,200 | Compare |
| Rainbow Lakes | 1,376 | $109,083 | $531,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
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, NJ?
The population of Springfield, NJ is 1,338 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Springfield?
The median household income in Springfield, NJ is $177,045 per year, which is 136% above the national median of $75,149.
What is the median home value in Springfield?
The median home value in Springfield, NJ is $580,900, which is 137% above 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, NJ is $2,224, which is 91% above the national average of $1,163/month.
What is the unemployment rate in Springfield?
The unemployment rate in Springfield, NJ is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Springfield, NJ a good place to live?
Springfield offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,338 and a median age of 42, the city appeals to a broad range of residents.
How educated is Springfield, NJ?
66.3% 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, NJ: median home value is $580,900 (137% above national), median rent is $2,224/month, and median household income is $177,045. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Springfield?
The poverty rate in Springfield, NJ is 0.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Springfield, NJ?
Springfield's population is 7.3% White, 2.5% Hispanic or Latino, 11.3% Black or African American, 0.0% Asian, and 10.5% two or more races. 46.9% of residents are foreign-born.