01104 Springfield, MA is a vibrant city with plentiful opportunities for work and leisure. It provides many local companies that range from healthcare to retail stores, offering excellent job prospects to those who wish to call the area their home. In terms of real estate, the average two-bedroom rent in 01104 Springfield, MA is $1,190, which is slightly lower than the national average of $1,430. Furthermore, grocery costs in this area have an index score of 104 compared to 100 nationally. Therefore potential residents can take advantage of both lower rent prices and reasonable grocery expenses when making the decision to move into the area. Companies located nearby include Baystate Health Center, Stop & Shop Supermarket Corporation and Smith & Wesson Corp., all providing excellent employment opportunities for prospective residents.
Springfield (zip 01104) has an unemployment rate of 11.2%. The US average is 6.0%.
Springfield (zip 01104) has seen the job market increase by 3.6% 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 01104)
- The Sales Tax Rate for Springfield (zip 01104) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 01104) 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 01104)
- The average income of a Springfield (zip 01104) resident is $18,029 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 01104) resident is $41,402 a year. The US average is $69,021 a year.