01108 Springfield, MA is a vibrant community located in Western Massachusetts with numerous local companies where residents can find employment. Local companies such as Baystate Health, MassMutual Financial Group, and United Bank are all located in 01108 Springfield and employ many of its residents. The cost of living in 01108 Springfield is slightly lower than the US average. The typical two bedroom rent in 01108 Springfield is $1,260 compared to the US average of $1,430 and the Grocery Cost Index is 104 versus 100 in the US. This makes it an ideal place for people looking to save money on living expenses while still enjoying city life and having access to job opportunities.
Springfield (zip 01108) has an unemployment rate of 11.2%. The US average is 6.0%.
Springfield (zip 01108) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Springfield (zip 01108)
- The Sales Tax Rate for Springfield (zip 01108) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 01108) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Springfield (zip 01108)
- The average income of a Springfield (zip 01108) resident is $23,274 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 01108) resident is $41,153 a year. The US average is $69,021 a year.