Springfield, IL is the perfect place to live with a 2 Bedroom rent of just $920 and Grocery Cost Index at 91 versus 100 in the US. It is a great city for those looking for affordability and convenience. In Springfield you will find numerous local companies such as Mid-Illinois Companies Inc., Energize Illinois Corporation, The Town and Country Bank, and Radixx Solutions International Inc. These companies offer a variety of jobs and opportunities for those who are looking to make money while living in an affordable town. Not only can you save money on rent but also on groceries!
Springfield (zip 62703) has an unemployment rate of 7.1%. The US average is 6.0%.
Springfield (zip 62703) 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 62703)
- The Sales Tax Rate for Springfield (zip 62703) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 62703) 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 62703)
- The average income of a Springfield (zip 62703) resident is $19,169 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 62703) resident is $40,514 a year. The US average is $69,021 a year.