07081 Springfield, NJ is a great place to live. The average rent for a two-bedroom apartment is $2,210 per month. This is slightly higher than the US average of $1,430 per month. Additionally, the grocery cost index here is 107 compared to 100 in the US.
In Springfield, residents can enjoy a variety of recreational activities and sightseeing spots such as Echo Lake Park and Mill Road Nature Preserve. There are also many local companies located in this area including Sprout Marketing Group, New Jersey Transit Bus Operations and Hillside Nissan. These businesses provide employment opportunities for locals as well as an array of services for residents to take advantage of.
Springfield (zip 07081) has an unemployment rate of 8.0%. The US average is 6.0%.
Springfield (zip 07081) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Springfield (zip 07081)
- The Sales Tax Rate for Springfield (zip 07081) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 07081) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield (zip 07081)
- The average income of a Springfield (zip 07081) resident is $50,478 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 07081) resident is $137,390 a year. The US average is $69,021 a year.