Springfield is a city in Massachusetts state in USA with a population of 153677 residents.. The poverty rate of Springfield is 25.5%, which is 82% higher than national average. The typical household in Springfield earns $41571 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 57.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Springfield, only 80% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Springfield remained 8.8%, which is 87% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Springfield, only 20% of adults have a bachelor's degree and 28% have some college but no degree.

Cost of living in Springfield is 106, which is 6% higher than national average. Median home value in Springfield is $162900 , which is 29% lower than national average. While median income in Springfield remained $41571, which is 38% lower than national average.