The city of 65803 Springfield, MO is an economically strong and vibrant community with a 2-bedroom rent price of $840. This is less than the national average of $1,430. The grocery cost index in this area is also lower than the US average, at 92 compared to 100. There are numerous local companies that make up the economy in Springfield such as Great Southern Bank, Missouri State University and O'Reilly Automotive Inc. Other large companies based in Springfield include Bass Pro Shops, Mercy health systems and Prime Inc. These businesses provide employment opportunities to people living in this area as well as draw tourists for shopping and entertainment purposes.
Springfield (zip 65803) has an unemployment rate of 3.9%. The US average is 6.0%.
Springfield (zip 65803) has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Springfield (zip 65803)
- The Sales Tax Rate for Springfield (zip 65803) is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 65803) is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield (zip 65803)
- The average income of a Springfield (zip 65803) resident is $23,535 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 65803) resident is $42,485 a year. The US average is $69,021 a year.