Springfield, IL — income, home value, property tax, and sales tax.
ZIP code 62707, in the Springfield area, sits squarely in middle-income territory. A median household income of $89,926 and per-capita income of $45,656 place it above many parts of the region without reaching affluent levels. Homes here have a median value of $174,600, and the county-level effective property tax rate is 1.99%, so property taxes take a noticeable bite relative to home value. Add a combined sales tax rate of 7.75%, and the overall tax load leans on both homeowners and everyday shoppers. This is a working-to-middle-income ZIP where earnings are solid but taxes claim a meaningful share.
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