$40K in Madison = $33,402 in Springfield
Your $40K salary in Madison (COL 97) has the same purchasing power as $33,402 in Springfield (COL 81). Springfield is cheaper — your money goes 16% further there.
Budget breakdown — $40K in both cities
What $40K actually buys you in each city after taxes and core expenses.
| Expense | Madison $40K | Springfield $40K (same salary) |
|---|---|---|
| Monthly take-home | $2,472 | $2,562 |
| 1BR rent | $1,650 | $1,000 |
| Groceries | $384 | $357 |
| Transport | $62 | $48 |
| Utilities | $162 | $155 |
| Internet | $63 | $58 |
| Left after essentials | $151/month | $944/month |
Frequently asked questions
What is $40K in Madison equivalent to in Springfield?
$40K in Madison (COL index 97) has the same purchasing power as $33,402 in Springfield (COL index 81). That's 16% less than your current salary.
If I move from Madison to Springfield keeping my $40K salary, will I be better off?
Yes. If you keep earning $40K after moving to Springfield, you'd have $793 more per month after core expenses — because Springfield is cheaper than Madison.
How is the salary equivalent calculated?
The equivalent salary is calculated by multiplying your current salary by the ratio of the two cities' overall cost of living indices: $40K × (81 ÷ 97) = $33,402. This adjusts for differences in housing, food, transport, and general cost of living.
Other salary amounts — Madison to Springfield
Equivalency uses overall COL index ratio. Take-home uses simplified federal/state brackets. Zillow · BLS · Numbeo · Q1 2026 · For general guidance only