CostIndexUSA

Fort Wayne, IN vs Springfield, IL Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

≈ Equal CostIN
Fort Wayne
92.6
overall index
$1,150/mo rent
IL
Springfield
92.7
overall index
$1,150/mo rent

Fort Wayne and Springfield have nearly identical costs of living.

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing−1.0%
Fort Wayne
72.3
Springfield
71.6
🛒 Groceries−0.7%
Fort Wayne
94.3
Springfield
93.6
🚗 Transportation≈ Equal
Fort Wayne
104.1
Springfield
104.6
🏥 Healthcare≈ Equal
Fort Wayne
94.2
Springfield
94.6
⚡ Utilities+4.9%
Fort Wayne
86.2
Springfield
90.4

Salary Equivalency Calculator

Enter your current salary in Fort Wayne to see what you'd need to earn in Springfield to maintain the same purchasing power.

$
→
Equivalent salary in Springfield, IL
$80,100
$100 more needed in Springfield

Formula: salary × (92.7 ÷ 92.6) = salary × 1.0011. Based on BEA Regional Price Parities.

Housing Market

Fort Wayne, IN

Median Home Price
$245,000
Median Monthly Rent
$1,150
Housing Index
72.3
Price-to-Rent Ratio
17.8×

Springfield, IL

Median Home Price
$188,000
Median Monthly Rent
$1,150
Housing Index
71.6
Price-to-Rent Ratio
13.6×

Fort Wayne has 1.0% lower housing costs compared to Springfield.

Income & Job Market

Fort Wayne, IN

Median Household Income
$66,300
Per Capita Income
$37,800
Unemployment Rate
4%
Population
270,402
Top Industries
HealthcareManufacturingFinanceRetailGovernment

Springfield, IL

Median Household Income
$72,200
Per Capita Income
$41,200
Unemployment Rate
4.4%
Population
114,230
Top Industries
GovernmentHealthcareEducationFinanceRetail

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Fort Wayne, IN
4.8×income-to-rent ratio

79% of income left after rent (median)

Springfield, IL
5.2×income-to-rent ratio

81% of income left after rent (median)

Fort Wayne vs other cities

Fort Wayne, IN
vs
Bloomington, IN
Index: 92.6Index: 95.1
Fort Wayne, IN
vs
Evansville, IN
Index: 92.6Index: 91.5
Fort Wayne, IN
vs
Indianapolis, IN
Index: 92.6Index: 95.7
Fort Wayne, IN
vs
Toledo, OH
Index: 92.6Index: 91.5
Fort Wayne, IN
vs
Madison, WI
Index: 92.6Index: 97.3

Springfield vs other cities

Springfield, IL
vs
Aurora, IL
Index: 92.7Index: 103.6
Springfield, IL
vs
Bloomington, IL
Index: 92.7Index: 93.5
Springfield, IL
vs
Champaign, IL
Index: 92.7Index: 92.7
Springfield, IL
vs
Waterbury, CT
Index: 92.7Index: 99.8
Springfield, IL
vs
Wilmington, NC
Index: 92.7Index: 96.4

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.