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Springfield, IL 62703 has a population of approximately 31,103 and experiences a population change rate of -0.35%. The population density is 2,023.8 / sq mi .
The median household income for Springfield, IL 62703 is $40,514, with 12,391 households and an average household size of 2.16.
The median value of a home in Springfield, IL 62703 is $81,400 with an appreciation rate of 13.50%. 49.68% of housing in the state is owned while 37.79% is rented.
The cost of living in Springfield, IL 62703 is 80.4 %.
The unemployment rate in Springfield, IL 62703 is 3.70%, and recent job growth is at -0.55%. Future job growth is projected at 33.27%.
The sales tax rate in Springfield, IL 62703 is 9.75%, while the income tax rate is 4.95% .
School expenditures in Springfield, IL 62703 are $15,574, and the school ratio is 14:1.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 38.3 inches per year, with 17.8 inches of snow per year.