Is Elizabeth, NJ cheaper than Springfield, MA?

Based on cost of living data, Elizabeth, NJ is 3.2% cheaper than Springfield, MA. This translates to saving $238 per month.

What salary do I need in Elizabeth, NJ to live like I do in Springfield, MA?

If you earn $150,000 in Springfield, MA, you'd need approximately $147,143.546 in Elizabeth, NJ to maintain the same standard of living.

How does housing cost compare between Springfield, MA and Elizabeth, NJ?

Housing in Elizabeth, NJ is 42.7% cheaper than in Springfield, MA. For a two-bedroom apartment, rent is $1,682/month in Elizabeth, NJ compared to $1,150/month in Springfield, MA.

How much can I save per month by moving from Springfield, MA to Elizabeth, NJ?

Moving from Springfield, MA to Elizabeth, NJ could save you approximately $238 per month, or $2856 per year, based on a $150,000 salary.

Springfield, MA vs Elizabeth, NJ: Cost of Living Comparison 2026

Tap to swap

Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Springfield, MA

Numbers update automatically as you type

You'd save $238/month moving to Elizabeth, NJ

$150.0K in your current city equals $147.1K in Elizabeth, NJ

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 3.2%

Less expensive

Monthly Impact

$238

Savings

Annual Impact

$2.9K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Springfield, MA

Population:154K

Cost Index:

100

100 = national average

Median Home:$294K

Elizabeth, NJ

Population:136K

Cost Index:

(3% below avg)

Median Home:$501K

Springfield, MA

The Bay State

154K

Population

State Tax

Yes

Located in Massachusetts, this city has a population of 154K residents.

Elizabeth, NJ

The Garden State

136K

Population

State Tax

Yes

Located in New Jersey, this city has a population of 136K residents.

Cost Breakdown by Category

Annual spending: Springfield, MA vs Elizabeth, NJ

Category	Springfield, MA	Elizabeth, NJ	Difference	Change
Housing	$3,490/mo	$1,998/mo	↓ $1,492less	42.7%
Other	$1,341/mo	$1,989/mo	↑ $648more	48.3%
Transportation	$1,346/mo	$1,569/mo	↑ $224more	16.6%
Groceries	$925/mo	$1,089/mo	↑ $164more	17.7%
Healthcare	$637/mo	$682/mo	↑ $44.05more	6.9%
All Utilities	$614/mo	$590/mo	↓ $23.51less	3.8%

Housing

↓ 42.7%

Springfield, MA

$3,490

Elizabeth, NJ

$1,998

Difference

$1,492

less

Other

↑ 48.3%

Springfield, MA

$1,341

Elizabeth, NJ

$1,989

Difference

$648

Transportation

↑ 16.6%

Springfield, MA

$1,346

Elizabeth, NJ

$1,569

Difference

$224

Groceries

↑ 17.7%

Springfield, MA

$925

Elizabeth, NJ

$1,089

Difference

$164

Healthcare

↑ 6.9%

Springfield, MA

$637

Elizabeth, NJ

$682

Difference

$44.05

All Utilities

↓ 3.8%

Springfield, MA

$614

Elizabeth, NJ

$590

Difference

$23.51

less

🏠Rent Comparison

Studio

From$809

To$1,231

↑ $422

1 Bed

From$915

To$1,390

↑ $475

2 Bed

From$1,150

To$1,682

↑ $532

3 Bed

From$1,409

To$2,108

↑ $699

Springfield, MAZIP-level data

1BR range: $1,240–$1,630/mo

Elizabeth, NJZIP-level data

1BR range: $1,600–$1,700/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$8,353

Monthly in Springfield, MA

$7,917

Monthly in Elizabeth, NJ

$436

Difference

Home Values

Springfield

Elizabeth

$294K

Median Value

$501K

↑ +2.5%

YoY Change

↑ +4.3%

↑ +45.5%

5-Year Change

↑ +55.6%

$137K - $323K

Price Range

$495K - $565K

Homes in Elizabeth are 70% more expensive than Springfield

Calculate payment - Springfield Calculate payment - Elizabeth

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $69.50

Per year

Monthly Difference

$5.79

More take-home

Effective Rate Diff

0.0%

Rate difference

Springfield, MA

Federal Income Tax

Effective: 18.9%

$25.5K

Massachusetts State Tax

Effective: 5.0%

$7.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.7%

$44.5K

Take-Home Pay

$8,791/month

$105.5K

Elizabeth, NJ

Federal Income Tax

Effective: 18.9%

$25.5K

New Jersey State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,796/month

$105.6K

Additional Tax Information

Springfield, MA Tax Rates

Sales Tax:6.3%

Property Tax:1.2%

Elizabeth, NJ Tax Rates

Sales Tax:6.6%

Property Tax:2.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.