Springfield is a city in Tennessee state in USA with a population of 17147 residents.. The poverty rate of Springfield is 22.8%, which is 63% higher than national average. The typical household in Springfield earns $48420 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 10 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 52.3% 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 83% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Springfield remained 6.9%, which is 47% higher than national rate. Nearly 1 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 16% of adults have a bachelor's degree and 22% have some college but no degree.

Cost of living in Springfield is 89, which is 11% lower than national average. Median home value in Springfield is $160200 , which is 30% lower than national average. While median income in Springfield remained $48420, which is 28% lower than national average.