City Comparison

Meridian vs Springfield

Cost of Living Comparison · 2026

Meridian

Idaho
120
Above Average
$509,000
Median Home
$1,725/mo
Median Rent
$99,700
Median Income

Springfield

Illinois
78
Very Affordable
$162,000
Median Home
$925/mo
Median Rent
$65,500
Median Income

The Verdict

53.8%

Living in Springfield costs 53.8% less than Meridian. To match the purchasing power of a $75,000 salary in Meridian, you would need $48,750 in Springfield.

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Housing
154
Meridian
52
Springfield
Groceries
104
Meridian
98
Springfield
Utilities
86
Meridian
98
Springfield
Transportation
113
Meridian
114
Springfield
Healthcare
103
Meridian
91
Springfield

Salary Equivalence

A $75,000 salary in Meridian has the same purchasing power as $48,750 in Springfield.

Conversely, $75,000 in Springfield equals $115,385 in Meridian.

Living in Meridian vs Springfield

Housing Costs

Meridian's housing index of 154 is higher Springfield's 52, translating to median home prices of $509,000 vs $162,000. The $347,000 difference in home prices means roughly $22,560 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,725/mo in Meridian compared to $925/mo in Springfield, a monthly difference of $800.

Grocery & Food Costs

Grocery expenses index at 104 in Meridian and 98 in Springfield. A household spending the national average of $475/month on groceries would pay approximately $494/month in Meridian vs $466/month in Springfield. Springfield offers a meaningful advantage on everyday food costs, saving roughly $336/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 86 in Meridian and 98 in Springfield. Monthly utility bills average approximately $344 in Meridian vs $392 in Springfield. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 103 in Meridian and 91 in Springfield. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 12-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $99,700 in Meridian and $65,500 in Springfield. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $83,083 and $83,974 respectively. Springfield residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $2,326/month to housing in Meridian vs $1,528/month in Springfield. In Meridian, median rent of $1,725/mo fits within this budget. In Springfield, median rent of $925/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 102 index points — focus your budget analysis there.

Frequently Asked Questions

Springfield is 53.8% more affordable overall with an index of 78 vs 120.
A $75,000 salary in Meridian has equivalent purchasing power to approximately $48,750 in Springfield, based on the cost of living difference.
Meridian's housing index is 154 with median homes at $509,000, while Springfield's is 52 with median homes at $162,000.

Moving & Relocation Resources

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