Springfield, WV is a vibrant town situated in the heart of the Appalachian Mountains. It offers all the amenities one could need for comfortable living and has become increasingly popular with families looking for a more affordable cost of living than the national average. The average 2 bedroom rent in Springfield, WV is $1,040 compared to the US average of $1,430 - making it an attractive option for those looking to keep their costs down. Additionally, with a Grocery Cost Index of 102 versus 100 nationally – you can find good deals on food in Springfield. There are many great local companies such as Spring Valley Farms, which offers fresh produce grown right here in West Virginia; Appalachian Oil and Gas Services which provides heating oil and natural gas services to residents; and G&D Distributors who offer a wide array of products from food items to hardware supplies.
Springfield has an unemployment rate of 4.4%. The US average is 6.0%.
Springfield has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 44.9%, which is higher than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 6.5%. 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 $16,268 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $34,853 a year. The US average is $69,021 a year.