Quick facts: Springfield, OR

Quick Facts

111
Cost of Living
above US average
61,400
Population
36.51
Crime Rate per 1000
above US average
$60,982
Median Income
below US average
$423,995
Median House Price
above US average
$1757
Average Rent
above US average
10%
Poverty Rate
below US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,982.

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Income Needed to Buy

βœ— Stretch
$133k/year
Based on $423,995 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $60,982
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1757/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $60,982
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Springfield, OR

Springfield, Oregon, located in Lane County, is a vibrant city set along the McKenzie River and near the picturesque Cascade Mountains. With a population of approximately 60,000, it serves as a key part of the Eugene-Springfield metropolitan area, promoting a strong sense of community. Springfield features a blend of natural beauty and urban amenities, making it an attractive place to live and visit. The city is known for its extensive parks, including the scenic Dorris Ranch, a historic filbert farm, and the picturesque Walker Park. Springfield also boasts a rich cultural scene, highlighted by the annual Springfield Pride Festival and various local art galleries. The downtown area offers a mix of shops, restaurants, and breweries, showcasing the region's craft beer culture. Education is a priority in Springfield, served by the Springfield School District, which offers quality educational programs. Proximity to the University of Oregon in nearby Eugene offers additional educational and cultural opportunities. Outdoor enthusiasts can enjoy hiking, biking, and fishing in the surrounding natural areas, while the city’s location provides easy access to both the Oregon Coast and the Cascade Mountains for weekend adventures.

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