Springfield, MO Metro Area offers a great cost of living option for those looking to rent. The average 2 bedroom rent costs $860, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Springfield is 96 versus 100 in the US. This makes it a great place to live and save money. There are also many local businesses in Springfield for residents to enjoy. Some popular companies include Frito-Lay, O’Reilly Auto Parts, Bass Pro Shops Outdoor World, Kraft Heinz Company and Prime Inc. With affordable housing and plenty of job opportunities at local businesses, Springfield is an ideal location for many people looking to settle down.
Springfield Metro Area has an unemployment rate of 3.6%. The US average is 6.0%.
Springfield Metro Area 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 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Springfield Metro Area
- The Sales Tax Rate for Springfield Metro Area is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Springfield Metro Area is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield Metro Area
- The average income of a Springfield Metro Area resident is $23,233 a year. The US average is $28,555 a year.
- The Median household income of a Springfield Metro Area resident is $53,827 a year. The US average is $69,021 a year.