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Springfield, IL 62707 has a population of approximately 7,497 and experiences a population change rate of -72.43%. The population density is 174.6 / sq mi .
The median household income for Springfield, IL 62707 is $81,346, with 3,500 households and an average household size of 2.25.
The median value of a home in Springfield, IL 62707 is $156,000 with an appreciation rate of 13.50%. 86.86% of housing in the state is owned while 9.56% is rented.
The cost of living in Springfield, IL 62707 is 85.6 %.
The unemployment rate in Springfield, IL 62707 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 62707 is 9.75%, while the income tax rate is 4.95% .
School expenditures in Springfield, IL 62707 are $15,574, and the school ratio is 14:1.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 38.8 inches per year, with 17.5 inches of snow per year.