Springfield, TN is an attractive mid-sized city with a population of around 20,000 located in Robertson County. The city offers residents a suburban feel and most of the housing consists of single family homes. One bedroom rent averages around $1,180 which is lower than the US average of $1,430. Grocery cost index is also lower than the US average at 98 versus 100.
The city has seen significant growth since the turn of the century, particularly in its commercial sector. There are now several large employers in Springfield such as Nissan North America, Tennessee Valley Authority (TVA), Trostel LTD., Gestamp USA and Ingram Barge Company that employ thousands of locals. Residents enjoy access to great shopping centers, restaurants, parks and various recreational activities offered by the county.
Springfield has an unemployment rate of 4.1%. The US average is 6.0%.
Springfield has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 47.4%, which is higher than the US average of 33.5%.
Tax Rates for Springfield
- The Sales Tax Rate for Springfield is 9.8%. 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 $19,535 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $50,655 a year. The US average is $69,021 a year.