Springfield, MN (56087) is an affordable residential area with a 2 bedroom rent of $810 compared to the US average of $1,430. It also has a lower grocery cost index of 94 versus 100 in the US. Situated in Brown County, Springfield is home to local companies such as Springfield Welding and Steel Fabrication Inc., Minnesota Valley Industries, and Springfield Dental Clinic. The city is family friendly and offers plenty of nature trails and parks for outdoor activities. Residents can also access nearby cities like Sleepy Eye easily by car.
Springfield (zip 56087) has an unemployment rate of 4.8%. The US average is 6.0%.
Springfield (zip 56087) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Springfield (zip 56087)
- The Sales Tax Rate for Springfield (zip 56087) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 56087) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield (zip 56087)
- The average income of a Springfield (zip 56087) resident is $25,452 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 56087) resident is $60,952 a year. The US average is $69,021 a year.