Springfield, MI is an attractive area to live in due to its lower cost of living compared to the US average. Rent for a two-bedroom apartment is approximately $920/month in Springfield versus the national average of $1,430/month. Additionally, the Grocery Cost Index in Springfield is 90 compared to the US average of 100. Despite its lower costs, Springfield offers plenty of exciting activities and places to explore. Popular local companies include Aegis Software, Bernel Tool & Die, and F&M Tool & Plastics Inc. Attractions in the city consist of several parks such as Buell Park and Lamberton Lake Park, museums such as the Michigan Firehouse Museum and Marine City Historical Museum, and restaurants such as The Tap House Grill and Paisano's Italian Restaurant.
Springfield has an unemployment rate of 6.4%. The US average is 6.0%.
Springfield has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower 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 5.3%. 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 $18,517 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $39,651 a year. The US average is $69,021 a year.