Springfield, Missouri is a wonderful place to live. It is a small city with an affordable cost of living. The average two-bedroom rent in Springfield is $890 compared to the US average of $1,430. Grocery costs are also quite reasonable in Springfield with an index of 95 versus the 100 in the US. Not only are the prices great, but there are plenty of local companies that make living in Springfield enjoyable. Some of these include Springfield Electric Company, O'Reilly Automotive, Inc., and Ozarks Coca-Cola/Dr Pepper Bottling Co. All in all, Springfield is a great place to live with a low cost of living and plenty of job opportunities for its residents.
Springfield has an unemployment rate of 3.9%. The US average is 6.0%.
Springfield has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield
- The average income of a Springfield resident is $20,540 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $39,991 a year. The US average is $69,021 a year.