01105 Springfield, MA is a diverse city with an array of local businesses. It has a grocery cost index of 102 compared to the US average of 100, making it a relatively affordable place to live. Two bedroom rentals in 01105 Springfield, MA cost around $1,000 per month, which is slightly less than the US average of $1,430. There are several corporations in the area such as Baystate Health, Smith & Wesson Holding Corporation and Massachusetts Mutual Life Insurance Company. 01105 Springfield also offers lots of local attractions such as The Basketball Hall Of Fame Museum and The Dr. Seuss National Memorial Sculpture Garden. Living in 01105 Springfield is an ideal choice for families looking for affordability without sacrificing access to great amenities.
Springfield (zip 01105) has an unemployment rate of 11.2%. The US average is 6.0%.
Springfield (zip 01105) 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 01105)
- The Sales Tax Rate for Springfield (zip 01105) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 01105) 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 01105)
- The average income of a Springfield (zip 01105) resident is $15,521 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 01105) resident is $23,331 a year. The US average is $69,021 a year.