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Springfield, MA 01118 has a population of approximately 14,774 and experiences a population change rate of 3.53%. The population density is 4,109.6 / sq mi .
The median household income for Springfield, MA 01118 is $70,295, with 5,785 households and an average household size of 2.59.
The median value of a home in Springfield, MA 01118 is $275,000 with an appreciation rate of 15.60%. 77.84% of housing in the state is owned while 19.84% is rented.
The cost of living in Springfield, MA 01118 is 99.1 %.
The unemployment rate in Springfield, MA 01118 is 3.20%, and recent job growth is at 0.67%. Future job growth is projected at 36.84%.
The sales tax rate in Springfield, MA 01118 is 6.25%, while the income tax rate is 5.00% .
School expenditures in Springfield, MA 01118 are $21,412, and the school ratio is 11.5:1.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 15.2 degrees. The average rainfall is approximately 46.3 inches per year, with 40 inches of snow per year.