Westfield cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWestfieldIndianaNational
Cost of living index10288100
IndexWestfieldIndianaNational
Goods & Services index9795100
Groceries index9592100
Health care index9895100
Housing index11773100
Transportation index9193100
Utilities index9493100
The above illustration supplies generalized information for the Westfield, IN cost of living index. Compared to other cities in Indiana and cities across the country, the cost of living index in Westfield, IN is 102, which is 16% higher than the Indiana average and 2% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Westfield, IN are 2% higher than the average for Indiana and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Westfield is 16% higher than the Indiana average.
  • The cost of living in Westfield is 2% higher than the national average.
  • The cost of housing in Westfield is 17% higher than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Compare Westfield, IN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Westfield, IN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Westfield, IN, then you would need to earn more income in order to maintain the same standard of living. To use the Westfield, IN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$99,401$8,283$2,319$2,982
Renters$47,739$3,978$1,114$1,432
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Westfield, IN as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Westfield, IN homeowners, is $99,401. This would allow for a maximum of $2,319 per month to be spent on housing costs. For renters, the median monthly income is $47,739 which would result in a maximum of $1,114 to be spent on rental costs.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
One thing to keep in mind when considering the cost of living in Westfield, IN is the Indiana sales tax and Indiana income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Indiana sales tax rate is 7% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Indiana income tax rates range from 3.3% to 3.3%.

Goods & Services

ItemWestfieldNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $26.00$34.6825.0%
Toothpaste $1.91$2.4722.8%
Shampoo $0.91$1.0211.0%
Movie $8.50$9.8713.9%
Bowling $3.50$4.3920.3%

Groceries

ItemWestfieldNational avg.Difference
Ground Beef $4.64$4.483.6%
Fried Chicken $1.14$1.4622.1%
Milk $2.20$2.366.6%
Potatoes $2.76$3.069.8%
Pizza $13.99$9.2451.4%
Beer $7.86$8.639.0%

Health Care

ItemWestfieldNational avg.Difference
Optometrist $105.00$99.785.2%
Doctor $93.55$105.0310.9%
Dentist $88.00$88.700.8%
Ibuprofen $8.38$9.4111.0%
Lipitor $317.03$298.506.2%

Housing

ItemWestfieldNational avg.Difference
Home Price $219,300.00$175,700.0024.8%
Avg. Mortgage Payment $823.57$1,081.0323.8%
Apartment Rent $896.00$920.002.6%

Transportation

ItemWestfieldNational avg.Difference
Gasoline $1.98$2.095.4%
Tire Balancing $36.64$45.2919.1%

Utilities

ItemWestfieldNational avg.Difference
All Electricity$160.91$170.805.8%
Phone $26.65$28.265.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Atlanta, IN69085-15%
Kirklin, IN92585-15%
Arcadia, IN1,27685-15%
Sheridan, IN3,08486-14%
Lawrence, IN46,79689-11%
Westfield, IN32,4261022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Petersburg, VA32,43991-9%
Franklin Town, MA32,39314040%
Fair Oaks, VA32,39213737%
North Olmsted, OH32,37499-1%
Danville, IL32,48384-16%
Westfield, IN32,4261022%
Source: The Westfield, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.