01118 Springfield, MA is a great place to live with plenty of local activities and amenities. The average two bedroom rent is $1,450 compared to the US average of $1,430. Additionally, the Grocery Cost Index in 01118 Springfield is 105 versus 100 in the US which makes it a good option for those looking for affordable living options. There are plenty of local companies located in 01118 Springfield such as Big Y World Class Markets, MGM Springfield Casino and Resort, United Personnel Services Inc., and Baystate Health System. Many popular restaurants such as Max Burger, Red Rose Pizzeria & Restaurant, Severino's Pizza & Restaurant, and Meritage are also located here. Local attractions include Naismith Memorial Basketball Hall of Fame Museum, Forest Park Zoo and Museum of Springfield History & Science Center. All these amenities make 01118 Springfield an ideal location for those looking for a new home.
Springfield (zip 01118) has an unemployment rate of 11.2%. The US average is 6.0%.
Springfield (zip 01118) 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 01118)
- The Sales Tax Rate for Springfield (zip 01118) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 01118) 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 01118)
- The average income of a Springfield (zip 01118) resident is $33,805 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 01118) resident is $70,295 a year. The US average is $69,021 a year.