Springfield, IL — income, home value, property tax, and sales tax.
In Springfield's 62701 ZIP code, household earnings run well below the area's per-capita figure—median income sits at $32,195 while per-capita income reaches $37,856. Property taxes are levied at 1.99% of assessed value at the county level, so a home's price tag carries real weight against those wages. Combined sales taxes also reach 10.00%, trimming what's left after each purchase. Together, the property tax rate and the sales tax rate shape how far a paycheck stretches for anyone buying or owning a home here, since both costs draw on the same limited income.
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