Clark County · Ohio · Midwest · 58k residents
Springfield, OH: economy, jobs & business costs
The site-selection read on Springfield: labor costs, talent, corporate tax, energy, and business activity, with the Ohio 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 $1,024/wk. Ohio's corporate income tax rate is 0%. Commercial electricity averages 10.7¢/kWh.
Compare Springfield side by side
Avg. weekly wage
$1,024/wk
Corporate income tax
0%
Bachelor's degree or higher
16.7%
Commercial electricity
10.7¢/kWh
Economic momentum
How fast Springfield's economy is moving, ranked against the US cities we track.
31/100
Cooling
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 | $116,800 |
| Price per sq. ft. | $145 |
| Property tax rate | 1.5% |
| 1-bedroom rent | $629/mo |
| 2-bedroom rent | $895/mo |
| State & local income tax | 3.91% |
| Sales tax | 7.25% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,024/wk |
| Bachelor's degree or higher | 16.7% |
| Commercial electricity | 10.7¢/kWh |
| Businesses per 1k residents | 19.0/1k |
| Wage: Software developer | $118,150 |
| Wage: Registered nurse | $80,060 |
| Wage: General manager | $79,490 |
| Wage: Customer service | $39,000 |
| Wage: Warehouse worker | $36,950 |
| Wage: Heavy truck driver | $58,810 |
| Wage: Electrician | $58,370 |
| Wage: Retail salesperson | $32,610 |
| Cost of living index | 73 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $60/mo |
| Gas price | $3.15/gal |
| Healthcare index | 95 |
| Childcare (per child) | $950/mo |
| Median household income | $47,143 |
| Unemployment rate | 3.9% |
| Population | 58k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | 77/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 84°F |
| January low | 19°F |
| Annual snowfall | — |
| Home price YoY | +4.8% |
| Home price MoM | +0.1% |
| Rent YoY | +5.8% |
| Rent MoM | -0.2% |
| Employment (jobs) YoY | -2.9% |
| Building permits YoY | +15.9% |
| Ocean coast | 474 mi |
| Big lake | 121 mi |
| Mountains | 244 mi |
| Major airport | 22 mi |
| Ski resort | 78 mi |
Popular comparisons
Nearby
- Fairborn, OH · 35k
- Huber Heights, OH · 43k
- Xenia, OH · 26k
- Riverside, OH · 24k
- Beavercreek, OH · 47k
Similar size
- Kettering, OH · 57k
- Youngstown, OH · 59k
- Elyria, OH · 53k
- Hamilton, OH · 63k
- Middletown, OH · 52k
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?
- Ohio's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,024/wk; commercial electricity averages 10.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Springfield, OH?
- Springfield indexes at 73 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $895/mo and a acs median home value of $116,800.
- How much does a house cost in Springfield?
- The acs median home value in Springfield is $116,800 (Census ACS estimate; individual listings vary).
- How much is rent in Springfield?
- A two-bedroom in Springfield rents for about $895/mo.