62701 Springfield, IL is located in the heart of central Illinois and is a great place to live. It has several local companies such as Health Alliance Medical Plans, University of IL Springfield, and Horace Mann Insurance. Those looking for activities can enjoy the Abraham Lincoln Presidential Library and Museum or the Springfield Botanical Gardens. The average two bedroom rent in 62701 Springfield is $1170 which is lower than the US average of $1430. Additionally, grocery costs index in 62701 Springfield is 89 versus 100 in the US making food costs more affordable for residents.
Springfield (zip 62701) has an unemployment rate of 7.1%. The US average is 6.0%.
Springfield (zip 62701) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Springfield (zip 62701)
- The Sales Tax Rate for Springfield (zip 62701) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 62701) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield (zip 62701)
- The average income of a Springfield (zip 62701) resident is $26,181 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 62701) resident is $27,589 a year. The US average is $69,021 a year.