Springfield, NY is a small town located in upstate New York that offers plenty of activities and amenities for residents. Rent for a two bedroom apartment is much lower than the US average at $950 per month, making it an attractive option for those looking to save money. The grocery cost index of 101 versus 100 in the US indicates that groceries are slightly more expensive than other parts of the nation, however overall the cost of living is still relatively low. Local businesses include Dunkin Donuts, Burger King, and ShopRite which provide employment opportunities for those in Springfield.
Springfield has an unemployment rate of 6.3%. The US average is 6.0%.
Springfield has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 8.0%. 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 $23,994 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $54,728 a year. The US average is $69,021 a year.