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Springfield, Illinois Retirement Guide
Retirement Score
Springfield, Illinois at a Glance
- Median Home Price
- $147,800
- State Income Tax
- State income tax; Social Security and retirement income (pensions, 401k, IRA) fully exempt.
- Avg January Low
- 22.3°F
- Cost of Living Index
- 101.2 (US avg = 100)
- RetireCityIQ Score
- 53 / 100
Overview
Explore the key retirement factors for Springfield, Illinois, including cost of living, taxes, healthcare quality, and climate data.
Cost of Living
Affordability Metrics
Springfield's cost of living is 1.2000000000000028% above the national average. For a detailed breakdown of expenses, see our cost of living methodology.
Housing
Real Estate & Housing
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Springfield using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$320
Stress-case monthly carrying cost
$360
Median home price used: $147,800
Median rent reference: $849 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Budget validation
Calculate if your savings last in this city
Use RetireFree to test whether your portfolio can support retirement in Springfield, Illinois after local housing costs, taxes, healthcare, inflation, and withdrawal timing.
Open the RetireFree Calculator →Healthcare
Access & Quality
Quality of care and specialist availability are critical for a successful retirement. Springfield scores 30.9 out of 100 for healthcare access.
Care planning link
Find local assisted living in Springfield
If your city research includes aging parents, future care needs, or a move closer to family, compare local care options alongside housing and healthcare access.
Assisted living in Springfield →Taxes
State Tax Climate
Illinois has a tax environment that is moderate for retirees.
Climate
Weather & Environment
With 285 sunny days a year and an average January low of 22.3°F, Springfield offers a traditional winter climate.
Safety & Walkability
Community Safety
Walkability
Demographics
Population Profile
Diversity Breakdown
Frequently asked questions about retiring in Springfield
What is the cost of living in Springfield, Illinois for retirees?▾
The cost-of-living index is 101, roughly 1% above the national average of 100. Median home price is around $147,800.
Does Illinois tax Social Security or retirement income?▾
For Illinois residents: State income tax; Social Security and retirement income (pensions, 401k, IRA) fully exempt.
What is the climate like in Springfield, Illinois?▾
Springfield, Illinois has January average low around 22°F, July average high around 85°F. Climate normals are based on 30-year averages from NOAA's National Centers for Environmental Information.
What is healthcare access like in Springfield, Illinois?▾
Springfield scores 31/100 on the RetireCityIQ healthcare access index — a limited score. The index combines CMS hospital quality ratings, Medicare Advantage plan availability, and hospitals per 100,000 residents (KFF + CMS data).
Local Professionals
Financial Advisors
HORACE MANN INVESTORS, INC.
SKINNER, COPPER & EHMEN WEALTH MANAGEMENT, LLC
SKINNER, COPPER & EHMEN WEALTH MANAGEMENT, LLC
+38 more financial advisors available