Is $40K a Good Salary in Springfield, MA?
Full budget breakdown for Springfield on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Springfield on $40K
US average equivalent
$41,000
Your $40K in Springfield (COL: 98) buys the same as $41,000/yr in a city with average US cost of living.
vs Springfield median
-15%
The median household income in Springfield is $47,000/yr. You're earning 15% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Springfield.
Other salary levels in Springfield
Frequently asked questions
Is $40K a good salary in Springfield?
$40K/year in Springfield gives you approximately $2,562/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,450/month, your rent burden is 57% of take-home — which is considered difficult. Springfield ranks #105 out of 179 cities for this salary level.
How much is $40K after taxes in Springfield?
On $40K/year in Springfield (MA), you take home approximately $2,562/month after federal income tax, 5% MA state income tax, and FICA. That is roughly $30,744/year net.
What is the cost of living in Springfield on $40K?
Monthly estimated costs in Springfield: rent $1,450, groceries ~$391, transportation ~$72, utilities ~$185, internet ~$65. Total estimated expenses: ~$2,163/month, leaving ~$399/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only