Springfield, Massachusetts 

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Economy in Springfield, Massachusetts

Springfield has an unemployment rate of 6.4%. The US average is 3.9%.

Springfield has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.

Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 5.1%. The US average is 4.6%.

Income and Salaries for Springfield
- The average income of a Springfield resident is $18,435 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $34,731 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYSpringfield, MassachusettsUnited States
  Unemployment Rate6.4%3.9%
  Recent Job Growth3.6%1.6%
  Future Job Growth31.7%33.5%
  Sales Taxes6.3%7.3%
  Income Taxes0.0510.046
  Income per Cap.$20,046$31,177
  Household Income$37,118$57,652
  Family Median Income$41,485$70,850
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting1.0%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction3.6%6.2%
  Manufacturing9.8%10.4%
  Wholesale trade2.3%2.7%
  Retail trade12.2%11.6%
  Transportation and warehousing3.9%4.1%
  Utilities0.006320.00851
  Information1.3%2.1%
  Finance and insurance4.9%4.7%
  Real estate, rental, leasing1.4%1.9%
  Professional, scientific, technical services3.0%6.7%
  Management of companies0.0%0.1%
  Administrative, support, waste mgt svcs4.1%4.3%
  Educational services8.9%9.3%
  Health care and social assistance23.0%13.8%
  Arts, entertainment, recreation1.9%2.2%
  Accommodation, food services7.9%7.4%
  Other services4.8%4.9%
  Public administration5.1%4.8%
ECONOMY MAP
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    Reviews for Springfield    15 Reviews
    New resident, and I love it - 3/14/2017
    This city has a bad rep that is unwarranted. I just bought a terrific little house in a quiet and friendly neighborhood. Everywhere I go in this town, people are... Read More

    Start Your Review of Springfield


    City of Homes - 8/13/2014
    I just moved to Springfield almost a year now. I moved there because I know the housing stock there is plentiful. It's also very affordable. The most affordable place to... Read More

    demographics - 6/10/2013
    I just wanted to correct the demographic info presented on this site. As of the 2010 census, the breakdown for Springfield, MA as listed on the Springfield, MA city... Read More


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    COMPARE CITY TO CITY
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    MAPS OF SPRINGFIELD, MASSACHUSETTS
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Springfield,Massachusetts Map
    ZIP CODES IN SPRINGFIELD, MASSACHUSETTS
    01109, 01108, 01104, 01118, ... 12 more

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