Springfield, OH is a great place to live for those looking to save on rent and groceries. It's 2 Bedroom Rent average is $950 per month which is substantially lower than the US average of $1,430 per month. The local grocery cost index in Springfield is also lower than the national average at 96 versus 100. This makes it even easier for residents of Springfield to make ends meet on a budget.
The city of Springfield has many local businesses that make living there economical. For instance, Kroger offers affordable grocery prices with two convenient locations in the city. Other businesses such as Walmart Supercenter, CVS Pharmacy and Dollar General are also located close by for additional savings options.
All in all, 45503 Springfield, OH is an ideal location for budget conscious individuals looking to earn a comfortable living without breaking the bank. With its low cost of living and ample number of local businesses providing quality products at reasonable prices, it should be easy to stick to your budget while still enjoying what life has to offer.
Springfield (zip 45503) has an unemployment rate of 5.9%. The US average is 6.0%.
Springfield (zip 45503) has seen the job market decrease by -5.0% 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 45503)
- The Sales Tax Rate for Springfield (zip 45503) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 45503) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Springfield (zip 45503)
- The average income of a Springfield (zip 45503) resident is $28,738 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 45503) resident is $50,971 a year. The US average is $69,021 a year.