ZIP Code 01020

In ZIP code 01020, near Springfield, households earn a median of $66,009, or $37,047 per person. A median home is valued at $280,900, and the county-level property tax rate of 1.49% works out to roughly $4,185 a year on that value. Adding the 6.25% combined sales tax, which applies to most purchases, means housing and everyday spending both draw on the same income. The relationship between the median earnings and these two rates shapes what a household here can set aside after taxes and mortgage costs.