Greene County · Missouri · Midwest · 170k residents
Springfield, MO: economy, jobs & business costs
The site-selection read on Springfield: labor costs, talent, corporate tax, energy, and business activity, with the Missouri median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,117/wk. Missouri's corporate income tax rate is 4%. Commercial electricity averages 10.3¢/kWh.
Compare Springfield side by side
Avg. weekly wage
$1,117/wk
Corporate income tax
4%
Bachelor's degree or higher
31.4%
Commercial electricity
10.3¢/kWh
Economic momentum
How fast Springfield's economy is moving, ranked against the US cities we track.
70/100
Heating
Ranks Springfield's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $177,700 |
| Price per sq. ft. | $155 |
| Property tax rate | 0.88% |
| 1-bedroom rent | $807/mo |
| 2-bedroom rent | $972/mo |
| State & local income tax | 2.95% |
| Sales tax | 8.4% |
| Corporate income tax | 4% |
| Avg. weekly wage | $1,117/wk |
| Bachelor's degree or higher | 31.4% |
| Commercial electricity | 10.3¢/kWh |
| Businesses per 1k residents | 37.2/1k |
| Wage: Software developer | $102,350 |
| Wage: Registered nurse | $79,370 |
| Wage: General manager | $76,290 |
| Wage: Customer service | $38,970 |
| Wage: Warehouse worker | $36,530 |
| Wage: Heavy truck driver | $56,070 |
| Wage: Electrician | $56,590 |
| Wage: Retail salesperson | $31,760 |
| Cost of living index | 78 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $78/mo |
| Gas price | $3.00/gal |
| Healthcare index | 94 |
| Childcare (per child) | $1,000/mo |
| Median household income | $49,311 |
| Unemployment rate | 3.5% |
| Population | 170k |
| Crime index | 55/100 |
| School rating | 5.5/10 |
| Walkability | 38/100 |
| Disaster risk | 90/100 |
| Avg. commute | 24 min |
| Sunny days / year | 205 days |
| July high | 88°F |
| January low | 23°F |
| Annual snowfall | — |
| Home price YoY | +2.3% |
| Home price MoM | 0.0% |
| Rent YoY | +2.9% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | +0.6% |
| Building permits YoY | +63.8% |
| Ocean coast | 509 mi |
| Big lake | 43 mi |
| Mountains | 98 mi |
| Major airport | 6 mi |
| Ski resort | 170 mi |
Popular comparisons
Nearby
- Nixa, MO · 25k
- Republic, MO · 20k
- Ozark, MO · 22k
- Lebanon, MO · 15k
- Carthage, MO · 16k
Similar size
- Columbia, MO · 129k
- Independence, MO · 122k
- Lee's Summit, MO · 104k
- O'Fallon, MO · 94k
- St. Charles, MO · 72k
Real listings in Springfield
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Springfield a good place to run a business?
- Missouri's corporate income tax rate is 4%; average weekly wages in the surrounding labor market run $1,117/wk; commercial electricity averages 10.3¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Springfield, MO?
- Springfield indexes at 78 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $972/mo and a acs median home value of $177,700.
- How much does a house cost in Springfield?
- The acs median home value in Springfield is $177,700 (Census ACS estimate; individual listings vary).
- How much is rent in Springfield?
- A two-bedroom in Springfield rents for about $972/mo.