Springfield, SD is a great place to live with a cost of living that can’t be beat. The average 2 Bedroom rental in Springfield is $750 while the national average is nearly double at $1,430. The Grocery Cost Index in Springfield is 97 versus 100 nationally, meaning groceries are very affordable. Local companies such as Springfield Food Center, Springfield Brewery, and Springfield RV Park offer quality goods and services at prices that won't break the bank. For those looking for an affordable and high quality place to call home, Springfield is an excellent choice.
Springfield has an unemployment rate of 3.0%. The US average is 6.0%.
Springfield has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Springfield is 0.0%. 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 $9,924 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $46,705 a year. The US average is $69,021 a year.