Springfield, MN is a small town located in the southeastern region of Minnesota. Its population is around 8,000 people and it has a rural feel with plenty of outdoor activities such as camping, fishing, hunting, and boating. In terms of amenities Springfield has several local businesses such as an IGA grocery store, Ace hardware store, Little Caesar's Pizza, McDonalds Restaurant, and The Locker Room Bar & Grill. The cost of living in Springfield is quite affordable with two-bedroom apartments averaging $800 a month while the average for the US is $1,430. Grocery costs are also lower than usual with an index score of 94 compared to 100 on the national average.
Springfield has an unemployment rate of 4.8%. The US average is 6.0%.
Springfield has seen the job market increase by 1.6% 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 7.4%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 7.1%. 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 $22,994 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $56,154 a year. The US average is $69,021 a year.