Quick facts: Westfield, MA

Quick Facts

102.3
Cost of Living
above US average
40,535
Population
11.25
Crime Rate per 1000
below US average
$78,307
Median Income
below US average
$334,900
Median House Price
above US average
$1897.81
Average Rent
above US average
8%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $78,307.

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Income Needed to Buy

βœ— Stretch
$105k/year
Based on $334,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $105k vs median $78,307
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Income Needed to Rent

⚠ Stretch
$81k/year
Based on $1897.81/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $81k vs median $78,307
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westfield, MA

Westfield, Massachusetts, located in Hampden County, is a charming city with a rich history and vibrant community. Known for its picturesque landscapes, Westfield is situated along the Westfield River and is characterized by a mix of urban and suburban elements. The city boasts a population of approximately 41,000 residents. Westfield is well-regarded for its strong educational institutions, including Westfield State University, which adds a youthful energy to the area. The downtown area features a variety of shops, restaurants, and cafes, creating a welcoming atmosphere for both residents and visitors. Outdoor enthusiasts can enjoy several parks and recreational areas, such as Stanley Park, offering walking trails, picnic areas, and gardens. The city hosts various annual events, fostering a sense of community and engagement among its residents. Westfield's location provides convenient access to major highways, making it easy to reach nearby Springfield and the greater Pioneer Valley region. Overall, Westfield combines historical charm with modern conveniences, making it an appealing place to live, work, and explore.

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