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Population & People
Population
18,775
Median age
34.5
Median household income
$59,465
Poverty rate
22.4%
Unemployment rate
4.7%
Bachelor's degree+
16.6%
Avg. commute
27 min
Hispanic or Latino
26.9%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$253,600
Median gross rent
$1,139/mo
Homeownership rate
55.67%
HUD FMR — 2 bedroom
$1,118
HUD Fair Market Rent (Tennessee statewide average across 95 areas — not specific to Springfield), 2026. Efficiency $882, 1BR $924, 2BR $1118, 3BR $1445, 4BR $1644. This is a different official figure from Census median gross rent above.
Energy
Tennessee commercial electricity
12.87¢/kWh
Tennessee industrial electricity
6.74¢/kWh
Tennessee residential electricity
13.18¢/kWh
Economy
Gross Domestic Product: All Industry Total
589817.5
Real Gross Domestic Product: All Industry Total
449356.6
All-Transactions House Price Index for Tennessee
705.37
Unemployment Rate
3.4%
Source: FRED, Tennessee-specific series.