Springfield, Ohio is a great place to live and work. Located in the heart of southwestern Ohio, the Springfield metro area has something for everyone. Not only does it offer an affordable rent of $910 for two bedrooms versus the US average of $1,430, but it also features a low grocery cost index of 96 compared to the US baseline of 100. The city is also home to a number of notable companies and landmarks such as Navistar International Corporation, Kenworth Trucks, Wittenberg University, and Hartman Rock Garden. Whether you’re looking for a place to raise your family or just need a change of scenery from everyday life, Springfield has something for everyone.
Springfield Metro Area has an unemployment rate of 5.1%. The US average is 6.0%.
Springfield Metro Area has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 23.1%, 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 7.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield Metro Area 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 Metro Area
- The average income of a Springfield Metro Area resident is $28,679 a year. The US average is $37,638 a year.
- The Median household income of a Springfield Metro Area resident is $54,869 a year. The US average is $69,021 a year.