Cost of Living: Waltham, MA vs Springfield, MA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Waltham, MA versus $4,224/mo in Springfield, MA. In the model, rent is about 32.52% of gross in Waltham, MA versus 16.23% in Springfield, MA, so Springfield, MA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Waltham, MA and Springfield, MA.
At a glance
- Cheaper overall (lower cost-of-living index): Springfield, MA
- Lower rent (median 1BR/2BR): Springfield, MA
- Lower home prices: Springfield, MA
- Higher median household income: Waltham, MA
Cost of Living Index
Waltham, MA: 100 (U.S. = 100) · Springfield, MA: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Waltham, MA: $2,121/mo (midpoint of 1BR/2BR) · Springfield, MA: $1,059/mo
Median rent in Waltham, MA is $1,062/mo higher than in Springfield, MA.
Median Home Price
Waltham, MA: $705,700 · Springfield, MA: $222,700
Median home price in Waltham, MA is $483,000 higher than in Springfield, MA.
Median Household Income
Waltham, MA: $116,560 · Springfield, MA: $51,339
Waltham, MA has a higher median household income than Springfield, MA by $65,221.
Waltham, MA overview · Springfield, MA overview · Popular comparisons