Springfield, IL (62711) enjoys an average 2-bedroom rent price of $1070, which is significantly lower than the national average of $1430. This provides a great opportunity for those looking to save money without sacrificing on the quality of their living arrangements. Additionally, groceries in Springfield cost the same as they do nationally according to the Grocery Cost Index.
In Springfield, there are a number of popular local companies to work for or shop at. These include Horace Mann Insurance Company, Illinois Distributing Company, and Memorial Health System. Other local attractions include the Lincoln Home National Historic Site and Lake Springfield Park. With so many opportunities available in this area, it's no surprise why so many people are now calling 62711 home!
Springfield (zip 62711) has an unemployment rate of 7.1%. The US average is 6.0%.
Springfield (zip 62711) has seen the job market decrease by -7.4% 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 62711)
- The Sales Tax Rate for Springfield (zip 62711) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 62711) 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 62711)
- The average income of a Springfield (zip 62711) resident is $59,336 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 62711) resident is $108,678 a year. The US average is $69,021 a year.