Economic growth steady while wages stagnate
Spurred by low costs, Springfield’s unemployment rate continues to be lower than the national average, while higher education opportunities remain catalysts for local business.
The foundation of any healthy community is a strong economy, and Springfield is experiencing a resilient post-recession economy. Development in all corners of the community, diverse business sectors, and an affordable cost of living are framing Springfield’s economy.
Continued economic strength
Steady economic growth
Education, entrepreneurship and innovation
Affordable cost for businesses
Funding for education and talent development
Impact of poverty and low wages
The following indicators have been identified as instrumental to the Red Flags and Blue Ribbons listed in this section of the 2017 Community Focus Report. Click on an indicator to learn more about the topic.
Children Below 200% Federal Poverty Line
Population Below 200% Federal Poverty Line
Per Capita Income by Race/Ethnicity, Disparity Index
Average Monthly Unemployment Rate