Springfield, MA — income, home value, property tax, and sales tax.
In ZIP code 01081, near Springfield, homes carry a median value of $296,800, and the county's 1.49% effective property tax rate works out to roughly $4,420 a year on a house at that price. Households here earn a median of $86,979, while per-capita income stands at $42,646, so property taxes claim a meaningful slice of annual earnings. Combined with a 6.25% sales tax on purchases, the overall cost of living leans on homeowners with mid-range incomes. Buyers weighing a move here should factor the annual tax bill into what they can comfortably spend on a house.
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