Springfield, Vermont is a charming town located in the heart of the state. It has a cozy atmosphere that makes it a great place to live and work. With a population of 8,968, Springfield is home to several vibrant businesses including Springfield Public Library, New England Kitchen & Bath Center, and The Valley Press. The cost of living in the area is fairly reasonable with an average two bedroom rent at $1,140 per month. This is lower than the national average of two bedroom rent which stands at $1,430. Additionally, grocery cost index in Springfield is 104 compared to 100 in the US. All these factors combine to make Springfield one of the most attractive towns in Vermont for people looking for affordable housing and other amenities.
Springfield has an unemployment rate of 3.7%. The US average is 6.0%.
Springfield has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, 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 6.8%. 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 $24,372 a year. The US average is $28,555 a year.
- The Median household income of a Springfield resident is $57,160 a year. The US average is $69,021 a year.