Westfield, IN Cost Of Living
Cost Of Living In Westfield, IN Summary
Cost of living in Westfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Westfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Westfield is 103, with 100 being the average.
The cost of living index in Westfield is 1.0x higher than the national average.
Westfield ranks as the #113 cheapest in Indiana out of 124.
Westfield ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Westfield is $305,700.
The median income in Westfield is $106,777.
Table Of Contents
Westfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westfield, IN?
According to the most recent data on the cost of living, Westfield has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Indiana, Westfield has a cost of living index that's 1.1x higher than Indiana's index of 91.
The standard of living in Westfield ranks as #113 most affordable out of the 124 places we measured in Indiana. By definition, that implies Westfield ranks as the #11 most expensive place in the Hoosier State.
For more reading on life in Westfield, check out:
- Living In Westfield
- Westfield Crime Report
- Search Homes For Sale In Westfield, IN
In Indiana
In America
Westfield Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Westfield. Here is how it fairs on each of the criteria:
The Services index in Westfield is 98.
The Groceries index in Westfield is 91.
The Health index in Westfield is 88.
The Housing index in Westfield is 124.
The Transportation index in Westfield is 90.
The Utilities index in Westfield is 101.
| Living Expense | Westfield | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 103 | 91 | 100 | |
| Services | 98 | 94 | 100 | |
| Groceries | 91 | 96 | 100 | |
| Health | 88 | 101 | 100 | |
| Housing | 124 | 77 | 100 | |
| Transportation | 90 | 95 | 100 | |
| Utilities | 101 | 106 | 100 | |
Westfield, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Westfield is $305,700.
The Median Rent in Westfield is $1,234.
The Median Income in Westfield is $106,777.
The Home Value To Income in Westfield is 2.9x.
The Rent To Monthly Income in Westfield is 0.14x.
| Statistic | Westfield | Indiana | United States |
|---|---|---|---|
| Median Home Value | $305,700 | $158,500 | $244,900 |
| Median Rent | $1,234 | $891 | $1,163 |
| Median Income | $106,777 | $61,944 | $69,021 |
| Home Value To Income | 2.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Westfield, IN Costs By Category
Detailed Westfield Services Costs Vs. Indiana
Detailed Westfield Groceries Costs Vs. Indiana
Detailed Westfield Health Costs Vs. Indiana
Detailed Westfield Transportation Costs Vs. Indiana
Detailed Westfield Utilities Costs Vs. Indiana
Westfield SnackAbility
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Cost Of Living In Cities Around Westfield
The cost of living varies in the cities and towns around Westfield. Here's a quick look at the cost of living in the most populous nearby places:
Indianapolis, IN has a cost of living index of 88, 0.9x Westfield.
Carmel, IN has a cost of living index of 114, 1.1x Westfield.
Noblesville, IN has a cost of living index of 98, 1.0x Westfield.
| City | Population | Cost Of Living | Vs. Westfield |
|---|---|---|---|
| Indianapolis, IN | 880,104 | 88 | 0.9x |
| Carmel, IN | 98,137 | 114 | 1.1x |
| Noblesville, IN | 68,885 | 98 | 1.0x |
| Lawrence, IN | 49,048 | 87 | 0.8x |
| Zionsville, IN | 30,258 | 118 | 1.1x |
| Brownsburg, IN | 28,420 | 95 | 0.9x |
| Cumberland, IN | 5,860 | 93 | 0.9x |
