💸TRUE COST OF LIVING In Springfield Missouri 2024 | What You Need to Know Before Moving!

[@realtor_springfieldmissouri]

🤔Thinking of Moving to Springfield Missouri? 📝 Let Us Help! 📲 Call or Text us: 916-347-8735 📩 Email: [e-mail]

[@ltarmenia4ever]

Moved from Illinois here, NW suburbs not far from Chicago. Family of 5. Some observations you might find useful: We bought a house via FHA in May 2023. It was a 4 bedroom 3 bath (Technically could be 6 bedrooms) for 230k and includes a large unfinished basement and an old school brick garage. The house is very old. It's not far from the downtown, so we are pretty close to alot of amenities. It was a flipper, but was a small family business that did it - and did pretty well. Honestly, we wouldnt have gotten anything remotely close to the size we got (2100 sq feet) for the price and location almost anywhere else. Property taxes are shockingly low. We had a condo in Illinois and it was around 2500 a year. Here its actually under 1200 for the year. For what we pay in property taxes, are very impressed with what we get for it. It's definitely a grass is greener sort of thing, though coming from Illinois high property taxes for what you get, I'm still shocked by how much we get here for what we pay. (School quality I dont think is that much worse in the Springfield area, but is heavily dependent on what school your kids go to in SPS.) Private Mortgage insurance is also very key: It was pretty affordable. (Around 1800 for the year.) I wish it was cheaper, but compared to other states where natural disasters have hit hard, I've heard of PMIs being between 4-10k a year - which can absolutely devastate someone financially. That seems to be true of anywhere from Texas and California to Florida and Louisiana. This is an important aspect I dont think potential homeowners always consider. (Hopefully this remains true after all the Tornadoes in SW MO in the last month or two.) Utilities are often cheaper, but the summer here can hike your electric bill. Car insurance is up everywhere, but was still cheaper here than it was in Illinois. Cell phone bill is a tad bit cheaper and gas is around 30-40 cents cheaper at least because of the gas tax not being a thing in MO. Personal property tax can sneak up on people. If you have an older vehicle, its gonna be more bearable. I think a 2015 vehicle for instance will run you about 240$ per year or so. Available housing: I see alot of move-in ready houses for easily around 150-300k in Springfield. You may want to update the awful 50s or 70s looks and interior, but they will pass FHA inspection which is the main issue for any potential fixer-upers or houses that need work. Some of those cheaper houses are on the north side, but some are also in decent pockets of the North side of Springfield. I saw some houses near me that were a phenomenal price for the sq footage and being move-in ready in my neighborhood recently.

[@dinabogaci1465]

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