01129 Springfield, MA is a great place to call home. This area has a 2 bedroom rent that is slightly lower than the national average at $1,370 compared to the US average of $1,430. It also has an above average grocery cost index of 105 versus 100 in the US. Many local companies are located here including Baystate Health, MassMutual Financial Group, Smith and Wesson and Big Y supermarkets. With its low rent prices and convenient access to some of Massachusetts’ most popular employers 01129 Springfield is an attractive destination for people looking for a great quality of life.
Springfield (zip 01129) has an unemployment rate of 11.2%. The US average is 6.0%.
Springfield (zip 01129) 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 01129)
- The Sales Tax Rate for Springfield (zip 01129) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 01129) 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 01129)
- The average income of a Springfield (zip 01129) resident is $27,368 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 01129) resident is $75,944 a year. The US average is $69,021 a year.