Economy & Jobs — Springfield, Massachusetts

Income & Employment

Median Household Income (Census)$52,656
Estimated 2026~$58,500
Per Capita Income$27,054
Poverty Rate25.8%
Unemployment Rate8.7%
In Labor Force69,874

Top Industries

IndustryShare
Education Healthcare33.9%
Retail10.6%
Manufacturing9.2%

Local Businesses (County)

TypeCount
Full Service Restaurants329
Fast Food292
Law Offices215
Dental Offices165
Physician Offices158
Insurance Agencies130
Gas Stations128
Convenience Stores117
Auto Repair117
Coffee Shops112
Child Day Care108
Beauty Salons107
Grocery Stores102
Liquor Stores100
Real Estate Offices94
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.