Springfield, MA — income, home value, property tax, and sales tax.
In ZIP code 01104, which covers part of Springfield, households earn a median of $50,154, or $27,194 per person. A median home here is valued at $234,800, and the county-level property tax rate of 1.49% would apply to that figure. Sales taxes combine to 6.25% on purchases. Together, these figures sketch a local economy where incomes sit below the home values residents might carry, making the property levy a meaningful annual cost alongside everyday sales tax.
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