Springfield, ME is a great place to live for those looking for affordability in housing and groceries. The average two-bedroom rent in Springfield is $1,120 which is about $310 less than the US median of $1,430. Grocery costs in Springfield are also slightly lower than the US average with a Grocery Cost Index of 101 compared to 100 nationally. There are several local companies based in Springfield that contribute to the economy. Notable businesses include Sebasticook Valley Health, Cianbro Corporation, and Savage Oakes Vineyard & Winery.
Springfield has an unemployment rate of 8.7%. The US average is 6.0%.
Springfield has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 7.2%. 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 $17,568 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $51,250 a year. The US average is $69,021 a year.