Westwood, MI Cost Of Living
Cost Of Living In Westwood, MI Summary
Cost of living in Westwood 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 Westwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, 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 Westwood is 83, with 100 being the average.
The cost of living index in Westwood is 0.8x lower than the national average.
Westwood ranks as the #30 cheapest in Michigan out of 175.
Westwood ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Westwood is $149,100.
The median income in Westwood is $52,663.
Table Of Contents
Westwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Westwood, MI?
According to the most recent data on the cost of living, Westwood has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Michigan, Westwood has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Westwood ranks as #30 most affordable out of the 175 places we measured in Michigan. By definition, that implies Westwood ranks as the #145 most expensive place in the Wolverine State.
For more reading on life in Westwood, check out:
- Living In Westwood
- Search Homes For Sale In Westwood, MI
In Michigan
In America
Westwood Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Westwood. Here is how it fairs on each of the criteria:
The Services index in Westwood is 88.
The Groceries index in Westwood is 77.
The Health index in Westwood is 95.
The Housing index in Westwood is 71.
The Transportation index in Westwood is 96.
The Utilities index in Westwood is 97.
| Living Expense | Westwood | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 88 | 96 | 100 | |
| Groceries | 77 | 96 | 100 | |
| Health | 95 | 94 | 100 | |
| Housing | 71 | 80 | 100 | |
| Transportation | 96 | 97 | 100 | |
| Utilities | 97 | 100 | 100 | |
Westwood, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, 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 Westwood is $149,100.
The Median Rent in Westwood is $943.
The Median Income in Westwood is $52,663.
The Home Value To Income in Westwood is 2.8x.
The Rent To Monthly Income in Westwood is 0.21x.
| Statistic | Westwood | Michigan | United States |
|---|---|---|---|
| Median Home Value | $149,100 | $172,100 | $244,900 |
| Median Rent | $943 | $946 | $1,163 |
| Median Income | $52,663 | $63,202 | $69,021 |
| Home Value To Income | 2.8x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Westwood, MI Costs By Category
Detailed Westwood Services Costs Vs. Michigan
Detailed Westwood Groceries Costs Vs. Michigan
Detailed Westwood Health Costs Vs. Michigan
Detailed Westwood Transportation Costs Vs. Michigan
Detailed Westwood Utilities Costs Vs. Michigan
Westwood SnackAbility
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Cost Of Living In Cities Around Westwood
The cost of living varies in the cities and towns around Westwood. Here's a quick look at the cost of living in the most populous nearby places:
Kalamazoo, MI has a cost of living index of 81, 1.0x Westwood.
Portage, MI has a cost of living index of 87, 1.0x Westwood.
Eastwood, MI has a cost of living index of 79, 1.0x Westwood.
| City | Population | Cost Of Living | Vs. Westwood |
|---|---|---|---|
| Kalamazoo, MI | 74,020 | 81 | 1.0x |
| Portage, MI | 48,767 | 87 | 1.0x |
| Eastwood, MI | 6,569 | 79 | 1.0x |
| Comstock Northwest, MI | 5,438 | 84 | 1.0x |
| Allegan, MI | 5,165 | 80 | 1.0x |
