Springfield, IL — income, home value, property tax, and sales tax.
In ZIP code 62629, near Springfield, homes carry a median value of $243,800, and the county's 1.99% effective property tax rate translates to roughly $4,850 a year in taxes on such a home. With median household income at $107,250, that bill equals about 4.5% of annual earnings, a figure many households can absorb without straining other spending. Per-capita income sits at $47,650. Sales taxes combine at 7.75%, adding cost to everyday purchases. The relationship between earnings and housing costs here leans toward stability rather than pressure.
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