Springfield named in top ten cities with the cheapest cost of living| 11 years ago
Kiplinger ranked Springfield tenth in the 10 U.S. Cities with the Cheapest Cost of Living. Kiplinger ranked the least expensive places to live using data from the U.S. Census (metropolitan statistical areas only) and the ACCRA Cost of Living Index, which is assembled by the Council for Community and Economic Research. The index measures relative prices in several categories, including consumer goods, housing, transportation, utilities and health care, to come up with a composite score for each city. The national average is 100. Springfield’s Cost of Living Index is 87, 13% below the national average. Springfield was also recognized has having the second lowest utility rates out of the ten cities listed.