Economy in Springfield, Massachusetts
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Economy
| Unemployment Rate | 12.90% | 9.10% |
| Recent Job Growth | 0.83% | -0.12% |
| Future Job Growth | 28.76% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $17,855 | $27,067 |
| Household Income | $35,111 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 22.55% | 12.10% |
| Income between 15K and 25K | 14.31% | 10.18% |
| Income between 25K and 35K | 12.87% | 10.56% |
| Income between 35K and 50K | 14.81% | 14.98% |
| Income between 50K and 75K | 17.49% | 19.53% |
| Income between 75K and 100K | 9.29% | 12.52% |
| Income between 100K and 150K | 6.65% | 12.14% |
| Income between 150K and 250K | 1.07% | 3.91% |
| Income between 250K and 500K | 0.84% | 3.34% |
| Income greater than 500K | 0.12% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.40% | 13.81% |
| Professional and Related Occupations | 25.16% | 22.68% |
| Service | 19.83% | 14.51% |
| Sales and Office | 26.17% | 25.22% |
| Farming, Fishing, and Forestry | 0.20% | 0.68% |
| Construction, Extraction, and Maintenance | 6.76% | 9.37% |
| Production, Transportation, and Material Moving | 18.64% | 15.86% |
The unemployment rate in Springfield, MA, is 12.90%, with job growth of 0.83%. Future job growth over the next ten years is predicted to be 28.76%.
Springfield, MA Taxes
Springfield, MA,sales tax rate is 5.00%. Income tax is 5.30%.
Springfield, MA Income and Salaries
The income per capita is $17,855, which includes all adults and children. The median household income is $35,111.
Springfield Economy SperlingViews
great place to live: Tremendous architecture abounds. Large victorian neighborhoods, Beautiful downtown structures, Impressive history given its small size, large number of beautiful... (read more)re: Abismal area - 6/4/2007: I agree with you 100%, Josh. Springfield has a lot to do--cultural, historic, arts & entertainment--and you're right, it's a great city to walk around!
By the way,... (read more)re: Springfield, Mass -- downtown has revitalized : You are 100% right, I think. This is what I hear from everyone who lives in my neighborhood (Metro Center.) Springfield is a totally different place now than 10 years... (read more)Have an opinion about Springfield? Leave a commentTo See All SperlingViews for Springfield Click Here
Springfield General SperlingViews
re: Abismal area - 6/4/2007: I agree with you 100%, Josh. Springfield has a lot to do--cultural, historic, arts & entertainment--and you're right, it's a great city to walk around!
By the way,... (read more)re: Springfield, Mass -- downtown has revitalized : You are 100% right, I think. This is what I hear from everyone who lives in my neighborhood (Metro Center.) Springfield is a totally different place now than 10 years... (read more)re: Abismal area - 6/4/2007: Having lived in Metro Center, Springfield for over a year now, I can't say I even recognize the city in this review. Maybe it was like this when you lived there, but now... (read more)Have an opinion about Springfield? Leave a commentTo See All SperlingViews for Springfield Click Here
