Springfield, Ohio is a great place to live with an affordable cost of living. The average 2 bedroom rent in Springfield, OH is only $920 which is significantly lower than the US average of $1,430. The Grocery Cost Index in Springfield is 95 compared to the US index of 100 making food more affordable for residents.
The city offers plenty of job opportunities as major employers such as Navistar International Corporation, South Charleston Boiler & Tank Co., and Honda Sport are based in Springfield. Other major employers include Wittenberg University, City of Springfield and Clark County Board of Education. It's also home to many small businesses that offer unique shops and delicious restaurants for people to enjoy.
Overall, Springfield has a much lower cost of living compared to other cities in the US making it an attractive place to live for those who want a more affordable life without sacrificing on job opportunities or quality entertainment.
Springfield has an unemployment rate of 5.9%. The US average is 6.0%.
Springfield has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 5.5%. 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 $18,699 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $42,131 a year. The US average is $69,021 a year.