WhereCanIAfford › Springfield, MA › On $150,000

Is Springfield, MA affordable on a $150,000 salary?

YES On $150,000/yr, the typical $376,569 home in Springfield, MA needs $115,648/yr ($2,698/mo). Your gap: +$34,352 — housing would be 21.6% of your gross income.

The math

376,569 price − 10% down (37,657) = 338,912 loan
30-yr fixed at 6.95% on 338,912 = 2,243/mo principal+interest
+ 455/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,698/mo PITI ÷ 0.28 = 9,637/mo → 115,648/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Springfield, MA?

You need about $115,648/yr for the typical home. On $150,000 you already clear it by $34,352.

On $125,000? On $175,000? On $200,000?

See the full Springfield, MA affordability breakdown → or every metro you can afford on $150,000 →