Springfield, IL — income, home value, property tax, and sales tax.
In ZIP code 62704, which takes in part of Springfield, households earn a median of $69,976, or $44,517 per person. A median home is valued at $172,600, and the county-level property tax rate of 1.99% would apply to that figure. Shoppers here also pay a combined sales tax of 10.00%, among the higher rates you will find. Together, the income level and home values sit near the middle of the range, but the sales tax takes a noticeable bite out of everyday spending, and property taxes add another recurring cost for owners.
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