Zip 40069 (Springfield, KY) Economy


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United States / Kentucky / No Metro Area / Washington County / Springfield / Springfield (zip 40069)
40069 Springfield, KY is a great place to live - it's affordable, family friendly and offers plenty of local amenities. The 2 bedroom rent in the area is $760, which is significantly lower than the national average of $1,430. In addition to this, the Grocery Cost Index in 40069 Springfield is 94 compared to 100 in the US. This makes it a great place for families looking for a budget friendly lifestyle.
The city of Springfield has plenty of businesses catering to its residents, such as Walmart Supercenter for groceries and daily needs; Beech Bend Raceway & Campground for entertainment; Ace Hardware for home improvement; Gash Flowers & Gifts and Fox’s Florist for gifts and flowers; Rickwood Automotive Repair LLC or All Pro Auto Repair for auto maintenance; and Shannon’s Hair Salon or Shear Class/Stacy’s Hairstyling Salon & Spa for beauty services. These are just some of the many companies available in 40069 Springfield, KY that offer excellent services at unbeatable prices!

Springfield (zip 40069) has an unemployment rate of 3.9%. The US average is 6.0%.

Springfield (zip 40069) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.

Tax Rates for Springfield (zip 40069)
- The Sales Tax Rate for Springfield (zip 40069) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 40069) is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Springfield (zip 40069)
- The average income of a Springfield (zip 40069) resident is $20,390 a year. The US average is $28,555 a year.
- The Median household income of a Springfield (zip 40069) resident is $62,614 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpringfield, KentuckyUnited States
  3.96
  -4.9%-6.2%
  35.2%33.5%
  6.0%6.2%
  6.8%4.6%
  $32,359$37,638
  $62,614$69,021
  $80,951$85,028
  Population by Occupation
  5.6%1.2%
  0.0%0.5%
  7.1%6.8%
  24.6%10.0%
  0.8%2.5%
  10.1%11.0%
  2.5%4.8%
  0.2%0.8%
  1.3%1.9%
  4.4%4.7%
  1.1%1.9%
  2.3%7.6%
  0.0%0.1%
  0.9%4.2%
  12.0%9.3%
  14.1%14.0%
  0.6%2.1%
  7.4%7.0%
  2.9%4.8%
  2.3%4.7%
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