Springfield business statistics
Employer establishments with 1-49 employees
(2007) |
2,446 |
3,516 |
Small business growth rate
(2004-2007) |
-1% |
4.1% |
State business tax climate ranking
(out of 50 states) |
47 |
N/A |
Percentage of population with bachelor's degree
(ages 25-34) |
18.5% |
23.5% |
Violent crime
(rate per 100,000 inhabitants, 2007) |
357.9 |
385.1 |
Property crime
(rate per 100,000 inhabitants, 2007) |
5,136.9 |
3,395.2 |
Population growth
(2003-2008) |
-1% |
4.93% |
Per-capita income
(2007) |
$30,250 |
$31,933 |
Per-capita income growth
(2002-2007) |
14% |
23.6% |
GDP (in millions)
(2006) |
$3,384 |
$4,952 |
GDP growth
(2001-2006) |
5% |
33% |
Average hourly wage
(2008) |
16.76 |
$17.50 |
Housing foreclosure rate
(first half of 2009) |
69 |
850 |
Median rent
(2009, for a 2-bedroom housing unit) |
$673 |
$737 |
Housing price-to-income (HPI) ratio
(first quarter of 2009) |
1.0% |
1.8% |
Long-term HPI ratio
(20-year average, 1984-2004) |
1.39% |
1.67% |
HPI deviation from long-term average
|
-18% |
0.1% |
|
From the November 2009 issue |
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