Springfield, MA — income, home value, property tax, and sales tax.
In ZIP code 01521, near Springfield, homes carry a median value of $333,600, and the county-level effective property tax rate of 1.49% works out to roughly $4,970 a year in taxes on such a home. With median household income at $91,979 and per-capita income at $49,966, that bill equals about 5.4% of a typical household's annual earnings. Combined with a 6.25% sales tax, ownership here asks buyers to weigh a six-figure income against both a sizable mortgage and recurring tax costs.
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