ZIP Code 01022

Springfield, MA — income, home value, property tax, and sales tax.

Median household income
$51,373
Per-capita income
$44,923
Median home value
$298,800
Property tax rate
1.49%
Combined sales tax
6.25%

In ZIP code 01022, near Springfield, households bring in a median of $51,373 a year, while per-capita income reaches $44,923. A home here is valued at $193,600, and the county's 1.49% effective property tax rate would mean roughly $2,885 owed annually on that amount. Combined with a 6.25% sales tax, these costs shape how far each paycheck stretches. The gap between median household and per-capita figures hints at smaller household sizes, so individual earners may find their income covers daily expenses with some left over for savings or other priorities.

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