Discretionary Income in Springfield, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, MA is ranked 139th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,554
Discretionary Income
$3,175
With a gross annual salary of $100,000 in Springfield, MA, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Springfield is $3,554, you would have around $3,175 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, MA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Springfield, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, MA |
|---|---|
| $30,000 | -$1,322 |
| $40,000 | -$630 |
| $50,000 | $61 |
| $60,000 | $741 |
| $70,000 | $1,350 |
| $80,000 | $1,958 |
| $90,000 | $2,566 |
| $100,000 | $3,175 |
| $110,000 | $3,782 |
| $120,000 | $4,373 |
| $130,000 | $4,965 |
| $140,000 | $5,557 |
| $150,000 | $6,148 |
| $175,000 | $7,627 |
| $200,000 | $9,080 |
| $250,000 | $11,692 |
| $300,000 | $14,192 |
| $350,000 | $16,692 |
| $400,000 | $19,192 |
| $450,000 | $21,692 |
| $500,000 | $24,192 |
Discretionary Income in Springfield, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, MA is ranked 154th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$2,372
Discretionary Income
$4,356
With a gross annual salary of $100,000 in Springfield, MA, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Springfield is $2,372, singles would have around $4,356 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, MA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Springfield, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, MA |
|---|---|
| $30,000 | -$140 |
| $40,000 | $551 |
| $50,000 | $1,243 |
| $60,000 | $1,923 |
| $70,000 | $2,531 |
| $80,000 | $3,140 |
| $90,000 | $3,748 |
| $100,000 | $4,356 |
| $110,000 | $4,963 |
| $120,000 | $5,555 |
| $130,000 | $6,147 |
| $140,000 | $6,738 |
| $150,000 | $7,330 |
| $175,000 | $8,809 |
| $200,000 | $10,261 |
| $250,000 | $12,874 |
| $300,000 | $15,374 |
| $350,000 | $17,874 |
| $400,000 | $20,374 |
| $450,000 | $22,874 |
| $500,000 | $25,374 |
Discretionary Income in Springfield, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, MA is ranked 138th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,531
Discretionary Income
$3,197
With a gross annual salary of $100,000 in Springfield, MA, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Springfield is $3,531, couples would have around $3,197 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, MA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Springfield, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, MA |
|---|---|
| $30,000 | -$1,299 |
| $40,000 | -$608 |
| $50,000 | $84 |
| $60,000 | $764 |
| $70,000 | $1,372 |
| $80,000 | $1,980 |
| $90,000 | $2,589 |
| $100,000 | $3,197 |
| $110,000 | $3,804 |
| $120,000 | $4,396 |
| $130,000 | $4,987 |
| $140,000 | $5,579 |
| $150,000 | $6,171 |
| $175,000 | $7,650 |
| $200,000 | $9,102 |
| $250,000 | $11,715 |
| $300,000 | $14,215 |
| $350,000 | $16,715 |
| $400,000 | $19,149 |
| $450,000 | $21,566 |
| $500,000 | $23,983 |
Discretionary Income in Springfield, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, MA is ranked 149th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, MA
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$3,502
Discretionary Income
$3,487
With a gross annual salary of $100,000 in Springfield, MA, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Springfield is $3,502, single parents would have around $3,487 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, MA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Springfield, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, MA |
|---|---|
| $30,000 | -$1,204 |
| $40,000 | -$501 |
| $50,000 | $190 |
| $60,000 | $882 |
| $70,000 | $1,574 |
| $80,000 | $2,265 |
| $90,000 | $2,879 |
| $100,000 | $3,487 |
| $110,000 | $4,096 |
| $120,000 | $4,698 |
| $130,000 | $5,289 |
| $140,000 | $5,881 |
| $150,000 | $6,473 |
| $175,000 | $7,952 |
| $200,000 | $9,431 |
| $250,000 | $12,075 |
| $300,000 | $14,581 |
| $350,000 | $17,081 |
| $400,000 | $19,581 |
| $450,000 | $22,081 |
| $500,000 | $24,581 |
Discretionary Income in Springfield, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Springfield, MA is ranked 121st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Springfield, MA
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$4,810
Discretionary Income
$2,421
With a gross annual salary of $100,000 in Springfield, MA, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Springfield is $4,810, families would have around $2,421 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Springfield, MA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Springfield, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Springfield, MA |
|---|---|
| $30,000 | -$2,454 |
| $40,000 | -$1,745 |
| $50,000 | -$1,038 |
| $60,000 | -$346 |
| $70,000 | $346 |
| $80,000 | $1,037 |
| $90,000 | $1,729 |
| $100,000 | $2,421 |
| $110,000 | $3,112 |
| $120,000 | $3,780 |
| $130,000 | $4,389 |
| $140,000 | $4,997 |
| $150,000 | $5,605 |
| $175,000 | $7,126 |
| $200,000 | $8,647 |
| $250,000 | $11,636 |
| $300,000 | $14,594 |
| $350,000 | $17,553 |
| $400,000 | $20,457 |
| $450,000 | $23,082 |
| $500,000 | $25,683 |