Springfield, NH is a small town located in Sullivan County conveniently situated near the Massachusetts border. The cost of living in Springfield is generally lower than the US average, especially when it comes to rent prices for two bedroom apartments which are around $1,290 compared to $1,430 nationally. Grocery costs are also slightly lower with an index of 109 versus 100. The town primarily consists of residential neighborhoods and businesses that cater to local needs like Springfield Lumber Co., Bressler's Furniture, and the Country Store at Five Corners. There are also some larger employers such as Merck & Co., Walmart Distribution Center, and Genesis Healthcare who employ residents from nearby areas.
Springfield has an unemployment rate of 1.5%. The US average is 6.0%.
Springfield has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 0.0%. 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 $33,054 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $97,557 a year. The US average is $69,021 a year.