Fairfax County · Virginia · South · 31k residents
Springfield, VA: economy, jobs & business costs
The site-selection read on Springfield: labor costs, talent, corporate tax, energy, and business activity, with the Virginia 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 $2,211/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Springfield side by side
Avg. weekly wage
$2,211/wk
Corporate income tax
6%
Bachelor's degree or higher
46.9%
Commercial electricity
8.7¢/kWh
Economic momentum
How fast Springfield's economy is moving, ranked against the US cities we track.
28/100
Cooling
Ranks Springfield's 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 | $640,300 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $2,416/mo |
| 2-bedroom rent | $2,508/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $2,211/wk |
| Bachelor's degree or higher | 46.9% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | 33.4/1k |
| Wage: Software developer | $154,930 |
| Wage: Registered nurse | $102,710 |
| Wage: General manager | $156,460 |
| Wage: Customer service | $46,220 |
| Wage: Warehouse worker | $37,870 |
| Wage: Heavy truck driver | $59,820 |
| Wage: Electrician | $75,930 |
| Wage: Retail salesperson | $36,610 |
| Cost of living index | 131 |
| Groceries index | 100 |
| Utilities | $175/mo |
| Transit pass | $70/mo |
| Gas price | $3.15/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,250/mo |
| Median household income | $125,999 |
| Unemployment rate | 2.9% |
| Population | 31k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | 95/100 |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 90°F |
| January low | 30°F |
| Annual snowfall | 14 in |
| Home price YoY | -0.9% |
| Home price MoM | -0.3% |
| Rent YoY | +1.4% |
| Rent MoM | +0.6% |
| Employment (jobs) YoY | -0.3% |
| Building permits YoY | — |
| Ocean coast | 114 mi |
| Big lake | 160 mi |
| Mountains | 65 mi |
| Major airport | 9 mi |
| Ski resort | 87 mi |
Popular comparisons
Nearby
- Franconia, VA · 18k
- West Springfield, VA · 23k
- Kingstowne, VA · 18k
- Lincolnia, VA · 20k
- Annandale, VA · 42k
Similar size
- West Falls Church, VA · 31k
- Sterling, VA · 32k
- Short Pump, VA · 29k
- Tysons, VA · 29k
- Fredericksburg, VA · 29k
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?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $2,211/wk; commercial electricity averages 8.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Springfield, VA?
- Springfield indexes at 131 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,508/mo and a acs median home value of $640,300.
- How much does a house cost in Springfield?
- The acs median home value in Springfield is $640,300 (Census ACS estimate; individual listings vary).
- How much is rent in Springfield?
- A two-bedroom in Springfield rents for about $2,508/mo.