Westfield, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
103
Westfield's Overall Cost Of Living
1.0x
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:

113 out of 124
In Indiana
3,487 out of 6,412
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
For more reading on cost of living around Indiana, check out:
Westfield Cost of Living Vs. IN

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
Search Homes For Sale In Westfield, IN
$305,700
Median Home Value
$1,234
Median Rent
$106,777
Median Income

Westfield, IN Costs By Category

Detailed Westfield Services Costs Vs. Indiana

Item Westfield Indiana
Shampoo $1.03 $1.06
Movie $11.27 $10.68
Bowling $16.9 $14.67
Haircut $17.8 $18.62
Beauty Salon $37.63 $39.05

Detailed Westfield Groceries Costs Vs. Indiana

Item Westfield Indiana
Ground Beef $4.16 $4.22
Fried Chicken $1.37 $1.39
Milk $1.68 $2.05
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $8.71 $9.38
Toothpaste $2.02 $2.34

Detailed Westfield Health Costs Vs. Indiana

Item Westfield Indiana
Optometrist $65.9 $108.57
Doctor $88.25 $116.17
Dentist $92.92 $99.13

Detailed Westfield Transportation Costs Vs. Indiana

Item Westfield Indiana
Gasoline $2.12 $2.22
Tire Balancing $40.89 $50.07

Detailed Westfield Utilities Costs Vs. Indiana

Item Westfield Indiana
All Electricity $171.81 $167.67
Phone $184.27 $175.64

Westfield SnackAbility

9.5
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8.5
Diversity
8
Safety
8.5
Amenities
1
Education
9
Commute
8

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

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