ZIP Code 01040

In ZIP code 01040, which covers part of Springfield, households earn a median of $53,605, or $31,236 per person. A home here is valued at $274,100 at the median, and the county's 1.49% effective property tax rate means the owner of such a home would owe roughly $4,084 a year in property taxes. Sales taxes add 6.25% to most purchases. Weighing income against both housing costs and these two tax rates gives a fuller sense of what living in this ZIP code costs than any single figure alone.