01103 Springfield, MA is a great city to call home. It offers affordable two-bedroom rental rates of $1,270 per month compared to the US average of $1,430. The cost of groceries in 01103 Springfield is slightly higher than the national average with an index of 103. The city offers plenty of local businesses for its residents to enjoy including Heartland Financial Group, Ostrow Electric, and Buyers Brokers Only Real Estate LLC. Those looking for a night out can also check out places like Theodore’s Blues, Booze & BBQ or the Eastfield Mall for some shopping and entertainment options.
Springfield (zip 01103) has an unemployment rate of 11.2%. The US average is 6.0%.
Springfield (zip 01103) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Springfield (zip 01103)
- The Sales Tax Rate for Springfield (zip 01103) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 01103) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield (zip 01103)
- The average income of a Springfield (zip 01103) resident is $30,184 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 01103) resident is $20,978 a year. The US average is $69,021 a year.