Zip 70462 (Springfield, LA) Economy


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70462 Springfield, LA is a small town in Louisiana with a population of roughly 1,003 people. The average rent for a two bedroom apartment in Springfield is $920 a month which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index for Springfield is 95 versus 100 in the US which makes it slightly lower than the national average. There are many local companies based in Springfield such as Acadian Ambulance Services, Bearwood Construction Company and Conerly Plumbing & Electric Inc. All of these companies provide quality services and employment opportunities to the residents of Springfield helping to make it an attractive place to live. Overall, living in Springfield is much cheaper when compared to other areas due to its low housing costs and Grocery Cost Index making it an ideal location for those looking to save money on their cost of living expenses.

Springfield (zip 70462) has an unemployment rate of 4.2%. The US average is 6.0%.

Springfield (zip 70462) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Springfield (zip 70462)
- The Sales Tax Rate for Springfield (zip 70462) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 70462) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Springfield (zip 70462)
- The average income of a Springfield (zip 70462) resident is $29,570 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 70462) resident is $45,166 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpringfield, LouisianaUnited States
  4.26
  -5.0%-6.2%
  29.8%33.5%
  8.5%6.2%
  6.0%4.6%
  $32,092$37,638
  $45,166$69,021
  $56,301$85,028
  Population by Occupation
  4.4%1.2%
  0.6%0.5%
  6.7%6.8%
  7.4%10.0%
  0.7%2.5%
  15.4%11.0%
  3.8%4.8%
  0.5%0.8%
  0.1%1.9%
  0.5%4.7%
  0.8%1.9%
  3.7%7.6%
  0.0%0.1%
  1.2%4.2%
  7.1%9.3%
  29.6%14.0%
  0.3%2.1%
  9.4%7.0%
  4.0%4.8%
  3.8%4.7%
Reviews for Springfield
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Over 15 years ago

I have lived here for 44 years. Well, I left a few years for college and work for some in-between time, but my roots were established here 44 years ago. This is a  More

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