Springfield, MA — income, home value, property tax, and sales tax.
In ZIP code 01001, near Springfield, homes carry a median value of $295,700, and the county's 1.49% effective property tax rate translates into roughly $4,400 in annual taxes on a home at that price. Households here earn a median of $75,342, so that bill equals about 5.8% of income, while per-capita income sits at $45,822. Combined with a 6.25% sales tax, these costs shape what buyers can carry. The gap between home values and earnings means property taxes claim a meaningful share of household budgets across this area.
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