Cost of Living in Westfield, IN

Housing

The housing market plays a significant role in determining the cost of living in Westfield, IN.

• Housing Index: 95.0 / 100
• Median Home Price is: $370000
• Average Rent (2 BR Apartment): $1400 per month
• Average Rent (2 BR House): $1440 per month

When considering a move to Westfield, IN, you'll find a housing index of 95.0, indicating it’s relatively affordable compared to the national average. The median home price stands at 370000, making home ownership more attainable for many. Renters can expect to pay around 1400 for an apartment and 1440 for a house, which suggests a competitive rental market. It’s important to evaluate these costs alongside local job opportunities and lifestyle amenities, as these factors will significantly impact your decision to relocate.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Westfield, IN.

• Electricity Price: 14.89 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Westfield, IN could entail higher utility costs. Electricity costs sit at 14.89, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 102.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $117519

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Westfield, IN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.