Springfield, Ohio is a small town located in Clark County with a population of 45502. The cost of living in Springfield is relatively low compared to other parts of the U.S., with an average 2 bedroom rent at $1,030 compared to the national average of $1,430. Grocery costs are also lower than the national average at 99 index points versus 100 in the rest of the country. This makes Springfield an attractive alternative for those looking for more affordable housing and lower grocery costs. There are several local companies that contribute to the economy and provide employment opportunities such as NCR Corporation, WindStream Communications, Speedway LLC, OHTEC and AcuSport Corporation.
Springfield (zip 45502) has an unemployment rate of 5.1%. The US average is 6.0%.
Springfield (zip 45502) 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 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Springfield (zip 45502)
- The Sales Tax Rate for Springfield (zip 45502) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Springfield (zip 45502) is 4.5%. The US average is 4.6%.
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Income and Salaries for Springfield (zip 45502)
- The average income of a Springfield (zip 45502) resident is $37,021 a year. The US average is $37,638 a year.
- The Median household income of a Springfield (zip 45502) resident is $75,990 a year. The US average is $69,021 a year.