Springfield, MA — income, home value, property tax, and sales tax.
In ZIP code 01034, near Springfield, households bring in a median of $91,016 a year, with per-capita income at $52,458. Homes here carry a median value of $356,800, and the county's 1.49% effective property tax rate translates to roughly $5,316 annually on such a home, a figure worth weighing alongside monthly housing costs. Sales tax adds 6.25% to purchases. With earnings well above national norms, many households can absorb both taxes while still directing money toward savings or other priorities, though the property tax line deserves attention when sizing up what a home here truly costs.
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